Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Short Interest Down 24.6% in August

Key Points

• Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) experienced a significant drop in short interest, with a decline of 24.6% in August, bringing the total to 4,600 shares.
• The company declared an increased dividend of $0.5614 per share, up from the previous $0.24, resulting in a remarkable yield of 502.0%.
• As of Monday, shares traded at $26.17, showing a slight decline of 0.7%, with the stock's 52-week range being $20.70 to $27.95.

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY - Get Free Report) was the recipient of a significant decline in short interest in August. As of August 15th, there was short interest totaling 4,600 shares, a decline of 24.6% from the July 31st total of 6,100 shares. Based on an average daily trading volume, of 41,600 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 41,600 shares, the days-to-cover ratio is currently 0.1 days.

Oversea-Chinese Banking Stock Performance

OVCHY traded down $0.14 during trading on Friday, reaching $26.14. The company had a trading volume of 8,229 shares, compared to its average volume of 11,899. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.91 and a current ratio of 0.91. Oversea-Chinese Banking has a 12 month low of $20.70 and a 12 month high of $27.95. The business's fifty day moving average price is $26.36 and its 200 day moving average price is $25.42.

Oversea-Chinese Banking Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 5th. Stockholders of record on Tuesday, August 12th were issued a $0.5614 dividend. This represents a dividend yield of 502.0%. This is a boost from Oversea-Chinese Banking's previous dividend of $0.24. The ex-dividend date was Monday, August 11th.

Oversea-Chinese Banking Company Profile

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.