Short Interest in The Bank of East Asia, Limited (OTCMKTS:BKEAY) Drops By 10.3%

The Bank of East Asia, Limited (OTCMKTS:BKEAY) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 3,500 shares, a decline of 10.3% from the October 15th total of 3,900 shares. Based on an average daily trading volume, of 2,800 shares, the days-to-cover ratio is presently 1.3 days.

Bank of East Asia Stock Performance

OTCMKTS:BKEAY opened at $1.17 on Tuesday. Bank of East Asia has a 12-month low of $1.06 and a 12-month high of $1.36. The stock’s 50 day moving average price is $1.24 and its two-hundred day moving average price is $1.25.

Bank of East Asia Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, September 5th were given a dividend of $0.035 per share. This is a boost from Bank of East Asia’s previous dividend of $0.02. The ex-dividend date was Thursday, September 5th.

Bank of East Asia Company Profile

The Bank of East Asia, Limited, together with its subsidiaries, provides various banking and related financial services. Its personal banking services include corporate, individual, savings, current, time deposit, and supreme accounts; and time deposits, foreign currency deposits, MAS services, and auto-payroll products, as well as safe deposit boxes and remittance services.