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

Bank of China Limited (OTCMKTS:BACHY) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 67,700 shares, a decline of 31.3% from the February 13th total of 98,500 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 48,100 shares, the short-interest ratio is currently 1.4 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised 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 $14.84 on Friday. The company has a 50-day moving average of $13.38 and a 200-day moving average of $12.39. The company has a market capitalization of $174.69 billion, a P/E ratio of 5.82 and a beta of 0.18. Bank of China has a 1-year low of $9.80 and a 1-year high of $15.14.

Bank of China Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, January 14th were given a $0.3231 dividend. The ex-dividend date was Tuesday, January 14th. Bank of China’s payout ratio is currently 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.