Bank of China Limited (OTCMKTS:BACHY) Sees Large Growth in Short Interest

Bank of China Limited (OTCMKTS:BACHY) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 21,800 shares, a growth of 1,182.4% from the May 31st total of 1,700 shares. Based on an average daily trading volume, of 71,900 shares, the short-interest ratio is presently 0.3 days.

Bank of China Stock Performance

Shares of OTCMKTS:BACHY traded down $0.02 during trading on Thursday, reaching $12.14. 21,740 shares of the stock were exchanged, compared to its average volume of 50,911. Bank of China has a 12 month low of $8.16 and a 12 month high of $13.02. The stock has a 50-day moving average price of $11.77 and a 200-day moving average price of $10.42. 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 firm has a market cap of $142.95 billion, a PE ratio of 4.70 and a beta of 0.21.

Bank of China (OTCMKTS:BACHY) last released its quarterly earnings results on Monday, April 29th. The bank reported $0.63 earnings per share for the quarter. The business had revenue of $22.49 billion during the quarter. Bank of China had a return on equity of 8.59% and a net margin of 19.67%.

Bank of China Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, July 9th will be paid a $0.683 dividend. The ex-dividend date is Tuesday, July 9th.

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.