Bank of China Limited (OTCMKTS:BACHY) Short Interest Update

Bank of China Limited (OTCMKTS:BACHY - Get Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 94,900 shares, an increase of 14.9% from the January 15th total of 82,600 shares. Based on an average daily trading volume, of 60,900 shares, the days-to-cover ratio is presently 1.6 days.

Bank of China Price Performance

Shares of OTCMKTS:BACHY traded up $0.07 during trading on Tuesday, reaching $13.61. 11,989 shares of the stock were exchanged, compared to its average volume of 27,651. Bank of China has a 1-year low of $9.49 and a 1-year high of $13.70. The stock has a fifty day moving average of $12.70 and a two-hundred day moving average of $11.97. The firm has a market cap of $160.26 billion, a price-to-earnings ratio of 5.34 and a beta of 0.17.

Bank of China Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, January 14th will be given a dividend of $0.3231 per share. The ex-dividend date is Tuesday, January 14th. Bank of China's payout ratio is 25.49%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised 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.