Citic Ltd. (OTCMKTS:CTPCY) Short Interest Update

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 - ) saw a large drop in short interest in 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 Price Performance

OTCMKTS:CTPCY traded up $0.15 during mid-day trading on Thursday, hitting $7.89. The stock had a trading volume of 140 shares, compared to its average volume of 2,135. 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 company's 50 day simple moving average is $6.96 and its 200 day simple moving average is $6.27. Citic has a twelve month low of $4.57 and a twelve month high of $7.89.

Citic Increases Dividend

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

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.

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