Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHY) Short Interest Down 44.8% in April

Oversea-Chinese Banking Co. Limited (OTCMKTS:OVCHYGet Rating) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 10,100 shares, a drop of 44.8% from the March 31st total of 18,300 shares. Based on an average daily volume of 71,600 shares, the short-interest ratio is presently 0.1 days.

Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Oversea-Chinese Banking from a “sell” rating to a “hold” rating in a research report on Thursday, March 17th. JPMorgan Chase & Co. cut shares of Oversea-Chinese Banking from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 24th.

OTCMKTS:OVCHY traded up $0.55 during mid-day trading on Friday, hitting $17.80. 33,124 shares of the company’s stock were exchanged, compared to its average volume of 38,655. Oversea-Chinese Banking has a one year low of $15.92 and a one year high of $20.52. The business has a fifty day moving average price of $17.68 and a 200 day moving average price of $17.68.

The business also recently declared a dividend, which will be paid on Monday, June 6th. Stockholders of record on Friday, May 6th will be given a $0.3666 dividend. The ex-dividend date of this dividend is Thursday, May 5th. This represents a dividend yield of 4.01%.

Oversea-Chinese Banking Company Profile (Get Rating)

Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides products and services to individual customers, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, banc assurance products, and structured deposits; and brokerage services.

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