BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Sees Large Increase in Short Interest

Key Points

• BOC Hong Kong Ltd. saw a significant increase in short interest, jumping 500% from 200 shares to 1,200 shares as of August 31st.
• The company's shares traded at $104.10 recently, with a 52-week range from a low of $57.87 to a high of $105.00.
• BOC Hong Kong has announced a dividend of $0.723, with a yield of 509.0%, to be paid on October 3rd.

BOC Hong Kong Ltd. (OTCMKTS:BHKLY - ) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,200 shares, an increase of 500.0% from the August 15th total of 200 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 3,200 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 3,200 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company's shares are sold short.

BOC Hong Kong Price Performance

Shares of BHKLY traded up $7.38 during mid-day trading on Thursday, reaching $104.10. The company had a trading volume of 1,087 shares, compared to its average volume of 1,561. The firm has a fifty day simple moving average of $93.21 and a 200-day simple moving average of $85.59. BOC Hong Kong has a fifty-two week low of $57.87 and a fifty-two week high of $105.00. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.23.

BOC Hong Kong Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, September 15th will be issued a $0.723 dividend. The ex-dividend date is Friday, September 12th. This represents a yield of 509.0%.

BOC Hong Kong Company Profile

BOC Hong Kong (Holdings) Limited, an investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally. The company operates through four segments: Personal Banking, Corporate Banking, Treasury, and Insurance. It offers savings, current, and time deposit accounts; mortgage plans; corporate deposits, and payroll and e-cheques services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.