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

Bank of China Limited (OTCMKTS:BACHY - Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 111,800 shares, a growth of 824.0% from the March 31st total of 12,100 shares. Based on an average daily volume of 148,500 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the company's stock are sold short.

Analysts Set New Price Targets

Several research firms recently weighed in on BACHY. The Goldman Sachs Group upgraded Bank of China from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. Bank of America reissued a "neutral" rating on shares of Bank of China in a report on Thursday, March 27th.

Bank of China Stock Performance

Shares of OTCMKTS BACHY traded up $0.02 during trading on Friday, hitting $13.95. The company had a trading volume of 116,288 shares, compared to its average volume of 40,549. The company has a market cap of $164.27 billion, a P/E ratio of 5.47 and a beta of 0.10. The business's 50-day moving average is $14.28 and its 200 day moving average is $13.01. Bank of China has a 52 week low of $10.33 and a 52 week high of $15.50.

Bank of China (OTCMKTS:BACHY - Get Free Report) last announced its earnings results on Wednesday, March 26th. The bank reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. The company had revenue of $17.82 billion for the quarter, compared to the consensus estimate of $130.61 billion. Bank of China had a net margin of 17.35% and a return on equity of 7.81%.

Bank of China Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, June 9th. Stockholders of record on Thursday, April 24th will be issued a dividend of $0.3063 per share. This represents a dividend yield of 9.32%. The ex-dividend date is Wednesday, April 23rd. Bank of China's dividend payout ratio is currently 23.37%.

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.

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