Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHY) Sees Large Growth in Short Interest

Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHY - Get Free Report) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 28,100 shares, an increase of 2,454.5% from the March 31st total of 1,100 shares. Based on an average daily volume of 115,500 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company's stock are sold short.

Oversea-Chinese Banking Price Performance

Shares of OVCHY traded down $0.77 during mid-day trading on Friday, hitting $24.49. 9,790 shares of the company's stock were exchanged, compared to its average volume of 23,414. Oversea-Chinese Banking has a 52 week low of $19.96 and a 52 week high of $27.52. The company has a 50-day simple moving average of $24.79 and a 200 day simple moving average of $24.52.

Oversea-Chinese Banking Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be paid a dividend of $0.2376 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a dividend yield of 5.78%.

Oversea-Chinese Banking Company Profile

Oversea-Chinese Banking Corporation Limited engages in the provision of financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides products and services to individual customers, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, banc assurance products, and structured deposits; and brokerage services.

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