Short Interest in Bank of China Limited (OTCMKTS:BACHY) Increases By 14.9%

Bank of China Limited (OTCMKTS:BACHY) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 94,900 shares, a growth of 14.9% from the January 15th total of 82,600 shares. Based on an average trading volume of 60,900 shares, the short-interest ratio is presently 1.6 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Bank of China from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th.

Bank of China Price Performance

BACHY opened at $13.61 on Friday. Bank of China has a fifty-two week low of $9.49 and a fifty-two week high of $13.70. The company’s 50 day moving average price is $12.68 and its two-hundred day moving average price is $11.93. The firm has a market capitalization of $160.26 billion, a price-to-earnings ratio of 5.34 and a beta of 0.17.

Bank of China Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, January 14th will be issued a $0.3231 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. Bank of China’s payout ratio is 25.49%.

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.