Short Interest in Bank of China Limited (OTCMKTS:BACHY) Rises By 41.0%

Bank of China Limited (OTCMKTS:BACHY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 86,600 shares, an increase of 41.0% from the December 15th total of 61,400 shares. Based on an average daily volume of 62,700 shares, the days-to-cover ratio is presently 1.4 days.

Wall Street Analyst Weigh In

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 Trading Down 1.8 %

Shares of BACHY stock opened at $12.08 on Wednesday. Bank of China has a 1 year low of $8.96 and a 1 year high of $13.02. The firm’s fifty day simple moving average is $12.12 and its 200 day simple moving average is $11.68. The firm has a market capitalization of $142.25 billion, a P/E ratio of 4.74 and a beta of 0.17. 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 business also recently announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, January 14th will be given a dividend of $0.3231 per share. The ex-dividend date of this dividend is Tuesday, January 14th. Bank of China’s dividend payout ratio (DPR) is currently 25.10%.

Bank of China Company Profile

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.