Bank of China Limited (OTCMKTS:BACHY - Get Free Report) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 37,200 shares, a growth of 244.4% from the April 30th total of 10,800 shares. Based on an average trading volume of 74,600 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.
Bank of China Price Performance
OTCMKTS BACHY traded down $0.19 on Monday, reaching $14.32. The company had a trading volume of 58,095 shares, compared to its average volume of 40,008. The firm has a market cap of $168.63 billion, a price-to-earnings ratio of 5.62 and a beta of 0.16. Bank of China has a fifty-two week low of $10.33 and a fifty-two week high of $15.56. The business has a 50 day moving average of $14.28 and a two-hundred day moving average of $13.48.
Bank of China (OTCMKTS:BACHY - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The bank reported $0.62 earnings per share for the quarter, meeting analysts' consensus estimates of $0.62. Bank of China had a return on equity of 7.81% and a net margin of 17.35%. The business had revenue of $22.70 billion during the quarter, compared to the consensus estimate of $146.27 billion.
Bank of China Cuts Dividend
The firm also recently declared a dividend, which will be paid on Monday, June 9th. Shareholders of record on Thursday, April 24th will be issued a dividend of $0.3063 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a yield of 9.32%. Bank of China's payout ratio is currently 23.46%.
Wall Street Analyst Weigh In
Separately, Bank of America reiterated a "neutral" rating on shares of Bank of China in a research note on Thursday, March 27th.
Read Our Latest Report on Bank of China
Bank of China Company Profile
(
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Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.
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