The Bank of East Asia, Limited (OTCMKTS:BKEAY) Sees Large Growth in Short Interest

The Bank of East Asia, Limited (OTCMKTS:BKEAY) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 28,200 shares, a growth of 26.5% from the March 31st total of 22,300 shares. Based on an average daily volume of 2,900 shares, the days-to-cover ratio is currently 9.7 days.

Bank of East Asia Stock Performance

OTCMKTS BKEAY opened at $1.20 on Tuesday. The stock has a 50-day simple moving average of $1.20 and a 200 day simple moving average of $1.19. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.01. Bank of East Asia has a 12 month low of $1.09 and a 12 month high of $1.52.

Bank of East Asia Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, March 7th were issued a $0.0203 dividend. The ex-dividend date was Wednesday, March 6th.

About Bank of East Asia

The Bank of East Asia, Limited, together with its subsidiaries, provides various banking and related financial services. Its personal banking services include corporate, individual, savings, current, time deposit, and supreme accounts; and time deposits, foreign currency deposits, MAS services, and auto-payroll products, as well as safe deposit boxes and remittance services.