Short Interest in Bank of China Limited (OTCMKTS:BACHY) Increases By 14.9%

Bank of China Limited (OTCMKTS:BACHY) saw a large 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 volume of 60,900 shares, the days-to-cover ratio is presently 1.6 days.

Wall Street Analysts Forecast Growth

Separately, 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 China Stock Up 0.5 %

Shares of BACHY stock opened at $13.61 on Monday. Bank of China has a 12-month low of $9.49 and a 12-month high of $13.70. The company has a market capitalization of $160.26 billion, a PE ratio of 5.13 and a beta of 0.17. The firm has a 50 day moving average price of $12.68 and a two-hundred day moving average price of $11.95.

Bank of China Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 6th. Shareholders 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%.

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.