Short Interest in Bank of Communications Co., Ltd. (OTCMKTS:BCMXY) Expands By 42.9%

Bank of Communications Co., Ltd. (OTCMKTS:BCMXY) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,000 shares, an increase of 42.9% from the December 15th total of 700 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 5.0 days.

Bank of Communications Stock Performance

Shares of OTCMKTS BCMXY remained flat at $20.00 during trading on Thursday. The company’s stock had a trading volume of 95 shares, compared to its average volume of 104. The firm has a market cap of $59.41 billion, a PE ratio of 4.98 and a beta of -0.05. The company has a 50-day moving average price of $19.35 and a two-hundred day moving average price of $18.61. Bank of Communications has a twelve month low of $15.39 and a twelve month high of $20.31.

Bank of Communications Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 17th will be given a dividend of $0.4913 per share. The ex-dividend date of this dividend is Friday, January 17th. Bank of Communications’s dividend payout ratio is currently 27.61%.

About Bank of Communications

Bank of Communications Co, Ltd. provides commercial banking products and services in China. The company offers savings deposit products, including demand deposits, lump-sum deposits and withdrawal, time deposit of small savings for lump-sum withdrawal, interest withdrawal on principal deposited, time-demand deposit, call deposit, swap management, and education deposit; personal certificate of deposit; salary financing A; and foreign currency deposit.