Bank of China Limited (OTCMKTS:BACHY - Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 37,200 shares, a growth of 244.4% from the April 30th total of 10,800 shares. Based on an average daily volume of 74,600 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are short sold.
Analysts Set New Price Targets
Separately, Bank of America reiterated a "neutral" rating on shares of Bank of China in a research note on Thursday, March 27th.
Get Our Latest Stock Analysis on Bank of China
Bank of China Stock Down 1.3%
Bank of China stock traded down $0.20 during mid-day trading on Friday, hitting $14.44. 31,714 shares of the company were exchanged, compared to its average volume of 39,657. The business has a fifty day moving average of $14.29 and a 200 day moving average of $13.44. Bank of China has a 1-year low of $10.33 and a 1-year high of $15.56. The company has a market capitalization of $170.04 billion, a PE ratio of 5.66 and a beta of 0.16.
Bank of China (OTCMKTS:BACHY - Get Free Report) last announced its earnings results on Tuesday, April 29th. The bank reported $0.62 earnings per share for the quarter, meeting analysts' consensus estimates of $0.62. Bank of China had a return on equity of 7.81% and a net margin of 17.35%. The company had revenue of $22.70 billion during the quarter, compared to analyst estimates of $146.27 billion.
Bank of China Cuts Dividend
The firm also recently announced a dividend, which will be paid on Monday, June 9th. Stockholders of record on Thursday, April 24th will be paid a $0.3063 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a dividend yield of 9.32%. Bank of China's dividend payout ratio (DPR) is presently 23.46%.
About Bank of China
(
Get Free Report)
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.
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