Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY) Short Interest Up 966.7% in July

Key Points

• Oversea-Chinese Banking Corporation Limited experienced a substantial increase in short interest, surging 966.7% to 3,200 shares as of July 15th, up from just 300 shares at the end of June.
• The stock opened at $26.21 with a 12-month trading range of $20.15 to $27.95, indicating potential volatility in its price.
• Oversea-Chinese Banking offers a variety of financial services across the Asia Pacific region, including personal loans, credit cards, and wealth management products.

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY - Get Free Report) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 3,200 shares, agrowthof966.7% from the June 30th total of 300 shares. Based on an average trading volume of 18,000 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 18,000 shares, the days-to-cover ratio is currently 0.2 days.

Oversea-Chinese Banking Trading Down 0.2%

Shares of Oversea-Chinese Banking stock traded down $0.05 during trading on Wednesday, reaching $26.15. The company's stock had a trading volume of 17,801 shares, compared to its average volume of 18,723. Oversea-Chinese Banking has a fifty-two week low of $20.43 and a fifty-two week high of $27.95. 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 company has a 50-day moving average price of $25.90 and a two-hundred day moving average price of $25.28.

Oversea-Chinese Banking Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 5th. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.5614 per share. This is an increase from Oversea-Chinese Banking's previous dividend of $0.24. The ex-dividend date is Monday, August 11th. 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.