Short Interest in Bank of Communications Co., Ltd. (OTCMKTS:BCMXY) Drops By 50.0%

Bank of Communications Co., Ltd. (OTCMKTS:BCMXY) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 200 shares, a decline of 50.0% from the March 31st total of 400 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company’s shares are sold short.

Bank of Communications Stock Performance

Shares of BCMXY opened at $20.05 on Wednesday. The firm has a fifty day moving average price of $21.47 and a 200-day moving average price of $20.32. The firm has a market capitalization of $59.56 billion, a P/E ratio of 4.99 and a beta of -0.14. Bank of Communications has a 12-month low of $15.39 and a 12-month high of $23.70.

Bank of Communications Increases Dividend

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

Bank of Communications Company Profile

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.