Short Interest in Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) Rises By 3,200.0%
by Kim Johansen · The Markets DailyPostal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY – Get Free Report) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 33 shares, a growth of 3,200.0% from the May 14th total of 1 shares. Based on an average daily volume of 2,391 shares, the short-interest ratio is presently 0.0 days.
Postal Savings Bank of China Stock Up 7.0%
Shares of OTCMKTS:PSTVY traded up $0.91 on Tuesday, reaching $13.85. 164 shares of the company’s stock were exchanged, compared to its average volume of 677. Postal Savings Bank of China has a fifty-two week low of $10.97 and a fifty-two week high of $14.95. The business’s 50-day moving average is $13.07 and its two-hundred day moving average is $13.16.
About Postal Savings Bank of China
Postal Savings Bank of China (OTCMKTS: PSTVY) is a state-owned commercial bank established in 2007 as part of China Post Group’s initiative to modernize and expand public savings services. Headquartered in Beijing, the bank was formed by transforming the Postal Savings Administration into a nationwide banking institution. Since its inception, Postal Savings Bank of China has grown to become one of the country’s largest retail lenders, leveraging China’s extensive postal network to reach urban and rural customers alike.
The bank’s core business activities include offering a full range of deposit products, consumer and business loans, micro-finance services, and agro-related credit for underserved rural regions.