Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Sees Large Decline in Short Interest

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY - Get Free Report) saw a large drop in short interest in May. As of May 31st, there was short interest totalling 5,500 shares, a drop of 50.0% from the May 15th total of 11,000 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 27,200 shares, the short-interest ratio is presently 0.2 days.

Oversea-Chinese Banking Stock Up 3.1%

OTCMKTS:OVCHY traded up $0.78 during trading hours on Wednesday, hitting $25.88. The company had a trading volume of 16,803 shares, compared to its average volume of 20,335. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50-day moving average price of $24.73 and a 200 day moving average price of $24.92. Oversea-Chinese Banking has a 52 week low of $20.15 and a 52 week high of $27.52.

Oversea-Chinese Banking Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th were issued a dividend of $0.2376 per share. The ex-dividend date was Monday, April 28th. This represents a dividend yield of 5.78%.

About Oversea-Chinese Banking

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.