Short Interest in Bank of China Limited (OTCMKTS:BACHY) Increases By 41.0%

Bank of China Limited (OTCMKTS:BACHY - Get Free Report) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 86,600 shares, an increase of 41.0% from the December 15th total of 61,400 shares. Based on an average trading volume of 62,700 shares, the short-interest ratio is presently 1.4 days.

Analyst Ratings Changes

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

Bank of China Price Performance

OTCMKTS:BACHY traded up $0.27 during mid-day trading on Wednesday, reaching $12.35. 30,795 shares of the stock were exchanged, compared to its average volume of 33,260. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average price of $12.12 and a 200 day moving average price of $11.68. Bank of China has a 1-year low of $8.96 and a 1-year high of $13.02. The firm has a market capitalization of $145.43 billion, a PE ratio of 4.84 and a beta of 0.17.

Bank of China Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, January 14th will be paid a $0.3231 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. Bank of China's dividend payout ratio is currently 25.10%.

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.