China Overseas Land & Investment Limited (OTCMKTS:CAOVY) Sees Large Decline in Short Interest

China Overseas Land & Investment Limited (OTCMKTS:CAOVY) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 4,300 shares, a drop of 8.5% from the September 15th total of 4,700 shares. Based on an average trading volume of 146,300 shares, the days-to-cover ratio is presently 0.0 days.

China Overseas Land & Investment Trading Up 4.9 %

OTCMKTS CAOVY traded up $0.47 during trading hours on Tuesday, reaching $10.00. 3,320 shares of the company’s stock traded hands, compared to its average volume of 13,302. China Overseas Land & Investment has a 52-week low of $6.55 and a 52-week high of $11.87. The firm has a 50-day simple moving average of $8.38 and a 200 day simple moving average of $8.64.

China Overseas Land & Investment Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be given a $0.1636 dividend. The ex-dividend date of this dividend is Thursday, September 19th. China Overseas Land & Investment’s dividend payout ratio is currently 9.05%.

About China Overseas Land & Investment

China Overseas Land & Investment Limited, an investment holding company, engages in the property development and investment, and other operations in the People's Republic of China and the United Kingdom. The company operates through Property Development, Property Investment, and Other Operations segments.