To The Moon

Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHY–Get Rating) was the target of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 9,700 shares, a decrease of 87.6% from the May 15th total of 78,500 shares. Based on an average daily volume of 84,600 shares, the days-to-cover ratio is presently 0.1 days.

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Oversea-Chinese Banking from an “overweight” rating to a “neutral” rating in a report on Thursday, February 24th.Zacks Investment Researchraised shares of Oversea-Chinese Banking from a “sell” rating to a “hold” rating in a report on Thursday.

OTCMKTS:OVCHYtraded down $0.35 during mid-day trading on Friday, reaching $16.86. 37,656 shares of the company were exchanged, compared to its average volume of 42,645. Oversea-Chinese Banking has a 12 month low of $15.92 and a 12 month high of $20.52. The company has a fifty day moving average of $17.37 and a 200 day moving average of $17.59.

The business also recently disclosed a dividend, which was paid on Monday, June 6th. Shareholders of record on Friday, May 6th were issued a dividend of $0.3666 per share. This represents a yield of 4.01%. The ex-dividend date of this dividend was Thursday, May 5th.$OVERSEA-CHINESE BANKING CORP(O39.SI)$