Bank of Communications Co., Ltd. (OTCMKTS:BCMXY) Short Interest Update

Bank of Communications Co., Ltd. (OTCMKTS:BCMXY) saw a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,000 shares, a decrease of 16.7% from the January 15th total of 1,200 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 1.4 days.

Bank of Communications Price Performance

Shares of OTCMKTS BCMXY opened at $21.00 on Monday. The firm’s 50 day simple moving average is $20.12 and its 200-day simple moving average is $19.03. Bank of Communications has a 12 month low of $15.39 and a 12 month high of $21.30. The stock has a market capitalization of $62.38 billion, a price-to-earnings ratio of 5.12 and a beta of -0.05.

Bank of Communications Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 17th will be issued a $0.4913 dividend. The ex-dividend date is Friday, January 17th. Bank of Communications’s payout ratio is 24.38%.

About Bank of Communications

Bank of Communications Co, Ltd. provides commercial banking products and services in China. The company offers savings deposit products, including demand deposits, lump-sum deposits and withdrawal, time deposit of small savings for lump-sum withdrawal, interest withdrawal on principal deposited, time-demand deposit, call deposit, swap management, and education deposit; personal certificate of deposit; salary financing A; and foreign currency deposit.