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

Bank of Communications Co., Ltd. (OTCMKTS:BCMXY) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 400 shares, a drop 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. Approximately 0.0% of the shares of the stock are short sold.

Bank of Communications Stock Down 4.4 %

Shares of BCMXY stock opened at $22.37 on Tuesday. Bank of Communications has a twelve month low of $15.39 and a twelve month high of $23.70. The stock’s fifty day simple moving average is $21.58 and its 200 day simple moving average is $20.23. The firm has a market capitalization of $66.44 billion, a P/E ratio of 5.56 and a beta of -0.14.

Bank of Communications Increases Dividend

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