Short Interest in Bank of China Limited (OTCMKTS:BACHY) Expands By 41.0%

Bank of China Limited (OTCMKTS:BACHY) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 86,600 shares, a growth of 41.0% from the December 15th total of 61,400 shares. Based on an average daily volume of 62,700 shares, the days-to-cover ratio is presently 1.4 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Bank of China from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th.

Bank of China Price Performance

OTCMKTS:BACHY traded up $0.08 during mid-day trading on Thursday, reaching $12.43. The stock had a trading volume of 21,971 shares, compared to its average volume of 32,365. Bank of China has a 12 month low of $8.96 and a 12 month high of $13.02. The stock has a market capitalization of $146.37 billion, a PE ratio of 4.87 and a beta of 0.17. The stock has a 50-day simple moving average of $12.14 and a two-hundred day simple moving average of $11.68.

Bank of China Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, January 14th will be paid a $0.3231 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. Bank of China’s payout ratio is 27.45%.

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.