Bank of China Limited (OTCMKTS:BACHY – Get Rating) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 54,300 shares, a growth of 8.0% from the August 15th total of 50,300 shares. Based on an average trading volume of 296,000 shares, the days-to-cover ratio is presently 0.2 days.
Bank of China Price Performance
Shares of Bank of China stock opened at $8.50 on Tuesday. The company’s fifty day simple moving average is $8.71 and its 200-day simple moving average is $9.35. The stock has a market capitalization of $100.09 billion, a PE ratio of 3.09 and a beta of 0.30. Bank of China has a 1-year low of $8.39 and a 1-year high of $10.41.
Bank of China Dividend Announcement
The firm also recently declared a dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, July 7th were paid a dividend of $0.7319 per share. This represents a dividend yield of 7.36%. The ex-dividend date was Wednesday, July 6th. Bank of China’s dividend payout ratio is presently 25.09%.
About Bank of China
Bank of China Limited, together with its subsidiaries, provides various banking and financial services. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other Operations. The Corporate Banking segment offers current accounts, deposits, overdrafts, loans, trade-related products and other credit facilities, foreign currency, derivatives, and wealth management products to corporate customers, government authorities, and financial institutions.
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