Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHY - Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 28,100 shares, an increase of 2,454.5% from the March 31st total of 1,100 shares. Based on an average trading volume of 115,500 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company's shares are sold short.
Oversea-Chinese Banking Stock Performance
Shares of Oversea-Chinese Banking stock traded up $0.02 during trading on Thursday, reaching $24.65. 14,109 shares of the stock were exchanged, compared to its average volume of 22,946. Oversea-Chinese Banking has a 1 year low of $19.96 and a 1 year high of $27.52. The stock's fifty day moving average is $24.67 and its 200 day moving average is $24.56.
Oversea-Chinese Banking Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be given a $0.2376 dividend. The ex-dividend date of this dividend is Monday, April 28th. This represents a dividend yield of 5.78%.
About Oversea-Chinese Banking
(
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Oversea-Chinese Banking Corporation Limited engages in the provision of financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides products and services to individual customers, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, banc assurance products, and structured deposits; and brokerage services.
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