BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) Sees Large Drop in Short Interest

BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) was the target of a large drop in short interest in July. As of July 15th, there was short interest totalling 1,300 shares, a drop of 23.5% from the June 30th total of 1,700 shares. Based on an average daily volume of 18,200 shares, the days-to-cover ratio is presently 0.1 days.

BOC Hong Kong Stock Up 0.6 %

OTCMKTS:BHKLY traded up $0.38 on Monday, reaching $59.78. 5,800 shares of the stock traded hands, compared to its average volume of 13,827. BOC Hong Kong has a 12 month low of $46.28 and a 12 month high of $66.82. The company’s fifty day simple moving average is $61.67 and its 200 day simple moving average is $57.11.

BOC Hong Kong Increases Dividend

The business also recently declared a dividend, which was paid on Monday, July 22nd. Stockholders of record on Wednesday, July 3rd were paid a $2.904 dividend. The ex-dividend date of this dividend was Tuesday, July 2nd. This is a positive change from BOC Hong Kong’s previous dividend of $1.32.

BOC Hong Kong Company Profile

BOC Hong Kong (Holdings) Limited, an investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally. The company operates through four segments: Personal Banking, Corporate Banking, Treasury, and Insurance. It offers savings, current, and time deposit accounts; mortgage plans; corporate deposits, and payroll and e-cheques services.