Short Interest in The Bank of East Asia Ltd. (OTCMKTS:BKEAY) Grows By 7,900.0%

Key Points

• Short interest in The Bank of East Asia Ltd. increased by an astonishing 7,900.0% in September, reaching a total of 8,000 shares as of September 15th.
• The company's stock price remained stable at $1.50, while presenting a significant dividend yield of 474.0% announced for payment on October 23rd.
• As of now, the stock has a days-to-cover ratio of 3.8 days based on an average daily trading volume of 2,100 shares.

The Bank of East Asia Ltd. (OTCMKTS:BKEAY - ) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 8,000 shares, an increase of 7,900.0% from the August 31st total of 100 shares. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is presently 3.8 days. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is presently 3.8 days.

Bank of East Asia Stock Performance

OTCMKTS:BKEAY remained flat at $1.50 during mid-day trading on Tuesday. The company's stock had a trading volume of 23 shares, compared to its average volume of 1,188. Bank of East Asia has a fifty-two week low of $1.13 and a fifty-two week high of $1.67. The firm's 50-day simple moving average is $1.50 and its two-hundred day simple moving average is $1.44.

Bank of East Asia Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Wednesday, September 10th will be given a $0.0399 dividend. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a yield of 474.0%.

Bank of East Asia Company Profile

The Bank of East Asia, Limited, together with its subsidiaries, provides various banking and related financial services. Its personal banking services include corporate, individual, savings, current, time deposit, and supreme accounts; and time deposits, foreign currency deposits, MAS services, and auto-payroll products, as well as safe deposit boxes and remittance services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.