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

Bank of China Limited (OTCMKTS:BACHY) saw a large decrease in short interest during 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 volume of 107,600 shares, the days-to-cover ratio is currently 0.6 days.

Bank of China Price Performance

BACHY stock opened at $12.64 on Tuesday. The firm has a market cap of $148.84 billion, a PE ratio of 4.96 and a beta of 0.20. Bank of China has a 1 year low of $8.96 and a 1 year high of $13.02. The company has a fifty day simple moving average of $12.02 and a 200 day simple moving average of $11.65. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01.

Bank of China Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, January 14th will be issued 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.