Short Interest in Bank of China Limited (OTCMKTS:BACHY) Drops By 11.8%

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

Bank of China Stock Performance

Bank of China stock traded down $0.19 on Friday, hitting $12.64. The company’s stock had a trading volume of 12,790 shares, compared to its average volume of 44,035. The company has a fifty day moving average price of $12.00 and a 200-day moving average price of $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 has a one year low of $8.96 and a one year high of $13.02. 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 Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, January 14th will be given a $0.3231 dividend. The ex-dividend date is Tuesday, January 14th. Bank of China’s dividend payout ratio (DPR) is presently 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.