Short Interest in Bank of Communications Co., Ltd. (OTCMKTS:BCMXY) Drops By 20.0%

Bank of Communications Co., Ltd. (OTCMKTS:BCMXY) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 400 shares, a decrease of 20.0% from the March 15th total of 500 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 4.0 days. Currently, 0.0% of the shares of the company are sold short.

Bank of Communications Stock Up 4.7 %

BCMXY stock opened at $23.40 on Monday. The company has a market capitalization of $69.51 billion, a P/E ratio of 5.82 and a beta of -0.14. The company has a 50-day simple moving average of $21.56 and a 200 day simple moving average of $20.19. Bank of Communications has a fifty-two week low of $15.39 and a fifty-two week high of $23.40.

Bank of Communications Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 15th will be issued a $0.5408 dividend. This represents a dividend yield of 10.09%. This is a boost from Bank of Communications’s previous dividend of $0.49. The ex-dividend date is Monday, April 14th. Bank of Communications’s payout ratio is presently 26.73%.

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.