Short Interest in The Bank of East Asia, Limited (OTCMKTS:BKEAY) Rises By 100.0%

The Bank of East Asia, Limited (OTCMKTS:BKEAY) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 200 shares, an increase of 100.0% from the March 15th total of 100 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Bank of East Asia Stock Down 1.5 %

Shares of BKEAY stock traded down $0.02 on Wednesday, hitting $1.33. 3,566 shares of the stock were exchanged, compared to its average volume of 2,110. 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 moving average of $1.36 and a 200 day moving average of $1.29.

Bank of East Asia Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, April 21st. Shareholders of record on Thursday, March 6th will be issued a $0.0391 dividend. The ex-dividend date is Thursday, March 6th. This is an increase from Bank of East Asia’s previous dividend of $0.03.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of Bank of East Asia to a “sell” rating in a research report on Tuesday.

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.