Short Interest in The Bank of East Asia, Limited (OTCMKTS:BKEAY) Declines By 50.0%

The Bank of East Asia, Limited (OTCMKTS:BKEAY - Get Free Report) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 100 shares, a drop of 50.0% from the March 31st total of 200 shares. Currently, 0.0% of the company's stock are short sold. Based on an average trading volume of 2,200 shares, the short-interest ratio is presently 0.0 days.

Bank of East Asia Price Performance

Bank of East Asia stock traded down $0.01 during mid-day trading on Thursday, hitting $1.31. The stock had a trading volume of 1,492 shares, compared to its average volume of 1,963. Bank of East Asia has a 12 month low of $1.06 and a 12 month high of $1.53. The stock has a 50-day simple moving average of $1.37 and a two-hundred day simple moving average of $1.29.

Bank of East Asia Increases Dividend

The company also recently announced a dividend, which was paid on Monday, April 21st. Shareholders of record on Thursday, March 6th were issued a $0.0391 dividend. This is a positive change from Bank of East Asia's previous dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 6th.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded Bank of East Asia to a "sell" rating in a research report on Tuesday, April 15th.

About Bank of East Asia

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.