Bank of China Limited (OTCMKTS:BACHY) Short Interest Up 14.9% in January

Bank of China Limited (OTCMKTS:BACHY) was the recipient of a large growth in short interest in 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 daily volume of 60,900 shares, the short-interest ratio is currently 1.6 days.

Analyst Upgrades and Downgrades

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

Bank of China Trading Up 0.5 %

Shares of Bank of China stock opened at $13.61 on Friday. The business has a 50-day moving average price of $12.68 and a two-hundred day moving average price of $11.93. Bank of China has a 1-year low of $9.49 and a 1-year high of $13.70. The company has a market cap of $160.26 billion, a P/E ratio of 5.34 and a beta of 0.17.

Bank of China Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, January 14th will be paid a dividend of $0.3231 per share. The ex-dividend date of this dividend is Tuesday, January 14th. Bank of China’s dividend payout ratio is currently 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.