Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Short Interest Up 90.6% in July

Key Points

• Short interest in Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) surged by 90.6% in July, reaching a total of 6,100 shares as of July 31st.
• The company announced a significant dividend increase, with a new payout of $0.5614 per share scheduled for September 5th, reflecting a yield of 502.0%.
• Shares of OVCHY saw a 3.0% rise in trading, closing at $27.25, with a trading volume of 11,525 shares on the day.

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY - ) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 6,100 shares, agrowthof90.6% from the July 15th total of 3,200 shares. Approximately0.0% of the company's shares are sold short. Based on an average daily trading volume, of 33,300 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 33,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately0.0% of the company's shares are sold short.

Oversea-Chinese Banking Trading Up 3.0%

Shares of OVCHY stock traded up $0.79 on Friday, hitting $27.25. The stock had a trading volume of 11,525 shares, compared to its average volume of 23,923. The company's 50 day moving average price is $26.13 and its 200-day moving average price is $25.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.91 and a quick ratio of 0.91. Oversea-Chinese Banking has a 1 year low of $20.70 and a 1 year high of $27.95.

Oversea-Chinese Banking Increases Dividend

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

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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