Citic Ltd. (OTCMKTS:CTPCY) Sees Large Decrease in Short Interest

Key Points

• Citic Ltd. experienced a significant drop in short interest, falling by 94.1% to just 100 shares as of July 31st.
• The company recently announced an increased dividend of $0.2306 per share, up from $0.12, representing a remarkable yield of 497.0%.
• As of Thursday, Citic's stock price reached $7.89, with a twelve-month trading range between $4.57 and $7.89.

Citic Ltd. (OTCMKTS:CTPCY - Get Free Report) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 100 shares, adropof94.1% from the July 15th total of 1,700 shares. Based on an average trading volume of 200 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 200 shares, the short-interest ratio is presently 0.5 days.

Citic Stock Performance

Shares of OTCMKTS:CTPCY remained flat at $7.89 during midday trading on Tuesday. 112 shares of the company traded hands, compared to its average volume of 105. The company has a current ratio of 0.34, a quick ratio of 0.33 and a debt-to-equity ratio of 1.31. The firm has a fifty day moving average price of $7.05 and a two-hundred day moving average price of $6.34. Citic has a 1-year low of $4.5650 and a 1-year high of $7.89.

Citic Increases Dividend

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

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.