Citic Ltd. (OTCMKTS:CTPCY) Short Interest Up 2,900.0% in August

Key Points

• Citic Ltd. experienced a dramatic increase in short interest, rising by 2,900.0% in August, bringing the total to 3,000 shares as of August 31st.
• The company declared a new dividend of $0.2306 per share, resulting in an impressive yield of 497.0%, an increase from the previous dividend of $0.12.
• Citic's stock price remained flat at $7.78, with a 52-week range between $5.27 and $7.89.

Citic Ltd. (OTCMKTS:CTPCY - ) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 3,000 shares, a growth of 2,900.0% from the August 15th total of 100 shares. Based on an average daily volume of 500 shares, the short-interest ratio is currently 6.0 days. Based on an average daily volume of 500 shares, the short-interest ratio is currently 6.0 days.

Citic Stock Performance

OTCMKTS:CTPCY remained flat at $7.78 during trading hours on Thursday. 11 shares of the company were exchanged, compared to its average volume of 242. Citic has a 12-month low of $5.27 and a 12-month high of $7.89. The business has a 50 day moving average of $7.23 and a 200-day moving average of $6.52. The company has a current ratio of 0.34, a quick ratio of 0.33 and a debt-to-equity ratio of 1.31.

Citic Increases Dividend

The company also recently declared a dividend, which was paid on Monday, August 25th. Shareholders of record on Tuesday, July 1st were issued a dividend of $0.2306 per share. This represents a yield of 497.0%. This is a positive change from Citic's previous dividend of $0.12. The ex-dividend date was Monday, June 30th.

Citic Company Profile

CITIC Limited operates in financial services, advanced intelligent manufacturing, advanced materials, consumption, urbanization, resources and energy, and engineering contracting businesses worldwide. The Comprehensive Financial Services segment provides banking, investment research, securities brokerage, trust, insurance and reinsurance, investment banking, wealth and asset management, financial markets, equity investment, financing, and other integrated financial services.

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