Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Short Interest Up 52.2% in August

Key Points

• The short interest for Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) rose by 52.2% in August, increasing from 4,600 shares to 7,000 shares by August 31st.
• The company declared a dividend of $0.5614 per share on September 5th, significantly higher than the previous dividend of $0.24, showcasing a yield of 502.0%.
• As of recent trading, shares of OVCHY were priced at $26.14, having experienced a slight decrease of 0.5% during midday trading.

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY - ) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 7,000 shares, a growth of 52.2% from the August 15th total of 4,600 shares. Based on an average daily trading volume, of 22,200 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,200 shares, the short-interest ratio is presently 0.3 days.

Oversea-Chinese Banking Trading Down 0.5%

Shares of OVCHY traded down $0.14 during midday trading on Monday, reaching $26.14. The stock had a trading volume of 8,229 shares, compared to its average volume of 11,734. Oversea-Chinese Banking has a 52 week low of $20.70 and a 52 week high of $27.95. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.52. The firm's 50 day moving average price is $26.36 and its 200-day moving average price is $25.41.

Oversea-Chinese Banking Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 5th. Investors of record on Tuesday, August 12th were given a dividend of $0.5614 per share. The ex-dividend date of this dividend was Monday, August 11th. This is a positive change from Oversea-Chinese Banking's previous dividend of $0.24. This represents a yield of 502.0%.

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.

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