Bank of China Limited (OTCMKTS:BACHY) Short Interest Update

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

Bank of China Trading Up 1.5 %

OTCMKTS BACHY opened at $14.84 on Monday. The firm has a market cap of $174.69 billion, a price-to-earnings ratio of 5.82 and a beta of 0.18. The company has a 50 day moving average of $13.38 and a 200-day moving average of $12.39. 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 company also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, January 14th were issued a dividend of $0.3231 per share. The ex-dividend date was Tuesday, January 14th. Bank of China’s payout ratio is 25.49%.

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 note on Thursday, January 9th.

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.