Bank of China Limited (OTCMKTS:BACHY) Sees Large Drop in Short Interest

Bank of China Limited (OTCMKTS:BACHY) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 61,400 shares, a decrease of 11.8% from the November 30th total of 69,600 shares. Based on an average daily trading volume, of 107,600 shares, the short-interest ratio is currently 0.6 days.

Bank of China Trading Down 1.5 %

Shares of BACHY traded down $0.19 during trading hours on Monday, hitting $12.64. The company had a trading volume of 12,790 shares, compared to its average volume of 44,035. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01. Bank of China has a 52-week low of $8.96 and a 52-week high of $13.02. The stock’s 50 day moving average price is $12.00 and its 200 day moving average price is $11.65. The firm has a market cap of $148.84 billion, a P/E ratio of 4.96 and a beta of 0.20.

Bank of China Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, January 14th will be issued a dividend of $0.3231 per share. The ex-dividend date of this dividend is Tuesday, January 14th. Bank of China’s dividend payout ratio is currently 25.10%.

About Bank of China

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.