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

Bank of China Limited (OTCMKTS:BACHY) was the target of a large increase in short interest during 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 trading volume of 62,700 shares, the short-interest ratio is currently 1.4 days.

Bank of China Price Performance

OTCMKTS:BACHY traded up $0.08 during trading hours on Friday, hitting $12.43. The company had a trading volume of 21,971 shares, compared to its average volume of 27,522. Bank of China has a 52 week low of $8.96 and a 52 week high of $13.02. The company has a market capitalization of $146.37 billion, a PE ratio of 4.87 and a beta of 0.17. The stock has a 50-day moving average price of $12.14 and a 200 day moving average price of $11.68.

Bank of China Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, January 14th will be issued a dividend of $0.3231 per share. The ex-dividend date of this dividend is Tuesday, January 14th. Bank of China’s payout ratio is presently 27.45%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised 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.