Short Interest in Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHY) Decreases By 66.1%

Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHY) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 1,900 shares, a drop of 66.1% from the August 31st total of 5,600 shares. Based on an average daily trading volume, of 24,500 shares, the days-to-cover ratio is currently 0.1 days.

Oversea-Chinese Banking Price Performance

OVCHY traded up $0.37 on Thursday, hitting $23.70. 2,971 shares of the company’s stock were exchanged, compared to its average volume of 9,971. The stock has a fifty day moving average of $22.36 and a two-hundred day moving average of $21.40. Oversea-Chinese Banking has a twelve month low of $18.00 and a twelve month high of $25.07.

Oversea-Chinese Banking Increases Dividend

The business also recently declared a dividend, which was paid on Monday, September 9th. Investors of record on Tuesday, August 13th were issued a $0.6141 dividend. This is an increase from Oversea-Chinese Banking’s previous dividend of $0.57. The ex-dividend date of this dividend was Tuesday, August 13th.

Oversea-Chinese Banking Company Profile

Oversea-Chinese Banking Corporation Limited engages in the provision of financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides products and services to individual customers, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, banc assurance products, and structured deposits; and brokerage services.