Citic Ltd. (OTCMKTS:CTPCY) Short Interest Update

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 - Get Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 3,000 shares, an increase of 2,900.0% from the August 15th total of 100 shares. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is presently 6.0 days. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is presently 6.0 days.

Citic Price Performance

OTCMKTS:CTPCY remained flat at $7.78 during trading hours on Tuesday. The company's stock had a trading volume of 35 shares, compared to its average volume of 235. The company's fifty day moving average is $7.26 and its 200 day moving average is $6.57. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.33 and a current ratio of 0.34. Citic has a 12-month low of $5.27 and a 12-month high of $7.89.

Citic Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, August 25th. Investors of record on Tuesday, July 1st were given a $0.2306 dividend. The ex-dividend date was Monday, June 30th. This represents a dividend yield of 497.0%. This is an increase from Citic's previous dividend of $0.12.

About Citic

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.