Short Interest in Bank of China Limited (OTCMKTS:BACHY) Rises By 824.0%

Bank of China Limited (OTCMKTS:BACHY - Get Free Report) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 111,800 shares, a growth of 824.0% from the March 31st total of 12,100 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 148,500 shares, the short-interest ratio is currently 0.8 days.

Bank of China Stock Performance

BACHY traded down $0.07 on Thursday, hitting $13.90. 26,730 shares of the company were exchanged, compared to its average volume of 40,189. The business's fifty day moving average is $14.28 and its 200 day moving average is $13.05. Bank of China has a fifty-two week low of $10.33 and a fifty-two week high of $15.50. The firm has a market capitalization of $163.68 billion, a P/E ratio of 5.45 and a beta of 0.10.

Bank of China (OTCMKTS:BACHY - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. The firm had revenue of $22.70 billion during the quarter, compared to the consensus estimate of $146.27 billion. Bank of China had a return on equity of 7.81% and a net margin of 17.35%.

Bank of China Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 9th. Investors of record on Thursday, April 24th will be given a $0.3063 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a dividend yield of 9.32%. Bank of China's dividend payout ratio is presently 23.37%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Bank of America reiterated a "neutral" rating on shares of Bank of China in a research report on Thursday, March 27th. The Goldman Sachs Group raised Bank of China from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 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.