Short Interest in The Bank of East Asia, Limited (OTCMKTS:BKEAY) Drops By 10.3%

The Bank of East Asia, Limited (OTCMKTS:BKEAY) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 3,500 shares, a drop of 10.3% from the October 15th total of 3,900 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is currently 1.3 days.

Bank of East Asia Stock Performance

BKEAY stock traded down $0.04 during midday trading on Monday, reaching $1.17. The company’s stock had a trading volume of 100 shares, compared to its average volume of 2,736. The stock has a fifty day simple moving average of $1.24 and a two-hundred day simple moving average of $1.25. Bank of East Asia has a 1 year low of $1.06 and a 1 year high of $1.36.

Bank of East Asia Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.035 per share. This is an increase from Bank of East Asia’s previous dividend of $0.02. The ex-dividend date of this dividend was Thursday, September 5th.

Bank of East Asia Company Profile

The Bank of East Asia, Limited, together with its subsidiaries, provides various banking and related financial services. Its personal banking services include corporate, individual, savings, current, time deposit, and supreme accounts; and time deposits, foreign currency deposits, MAS services, and auto-payroll products, as well as safe deposit boxes and remittance services.