China Overseas Land & Investment Limited (OTCMKTS:CAOVY) Sees Large Increase in Short Interest

China Overseas Land & Investment Limited (OTCMKTS:CAOVY) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 9,300 shares, a growth of 220.7% from the August 15th total of 2,900 shares. Based on an average trading volume of 22,900 shares, the days-to-cover ratio is presently 0.4 days.

China Overseas Land & Investment Price Performance

China Overseas Land & Investment stock traded up $0.07 on Friday, reaching $7.08. The company’s stock had a trading volume of 1,706 shares, compared to its average volume of 4,744. China Overseas Land & Investment has a twelve month low of $6.56 and a twelve month high of $10.96. The business’s fifty day moving average price is $8.06 and its 200 day moving average price is $8.30.

China Overseas Land & Investment Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.1636 per share. The ex-dividend date of this dividend is Thursday, September 19th. China Overseas Land & Investment’s payout ratio is currently 9.05%.

About China Overseas Land & Investment

China Overseas Land & Investment Limited, an investment holding company, engages in the property development and investment, and other operations in the People's Republic of China and the United Kingdom. The company operates through Property Development, Property Investment, and Other Operations segments.