Bank of China Limited (OTCMKTS:BACHY) Sees Significant Growth in Short Interest

Bank of China Limited (OTCMKTS:BACHY) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 94,900 shares, a growth of 14.9% from the January 15th total of 82,600 shares. Based on an average trading volume of 60,900 shares, the short-interest ratio is currently 1.6 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of Bank of China from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th.

Bank of China Stock Performance

BACHY opened at $13.61 on Friday. The stock has a market capitalization of $160.26 billion, a price-to-earnings ratio of 5.34 and a beta of 0.17. The company has a fifty day moving average of $12.64 and a 200 day moving average of $11.91. Bank of China has a fifty-two week low of $9.49 and a fifty-two week high of $13.70.

Bank of China Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, January 14th will be paid a dividend of $0.3231 per share. The ex-dividend date is Tuesday, January 14th. Bank of China’s payout ratio is 25.49%.

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.