Short Interest in The Bank of East Asia, Limited (OTCMKTS:BKEAY) Drops By 50.0%

The Bank of East Asia, Limited (OTCMKTS:BKEAY) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 100 shares, a drop of 50.0% from the March 31st total of 200 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 2,200 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut Bank of East Asia to a “sell” rating in a research report on Tuesday, April 15th.

Bank of East Asia Price Performance

Shares of OTCMKTS BKEAY opened at $1.31 on Wednesday. Bank of East Asia has a fifty-two week low of $1.06 and a fifty-two week high of $1.53. The business has a 50-day simple moving average of $1.37 and a two-hundred day simple moving average of $1.29.

Bank of East Asia Increases Dividend

The business also recently announced a dividend, which was paid on Monday, April 21st. Shareholders of record on Thursday, March 6th were given a dividend of $0.0391 per share. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from Bank of East Asia’s previous dividend of $0.03.

Bank of East Asia Company Profile

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.