Short Interest in Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) Declines By 60.0%

Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 200 shares, a decrease of 60.0% from the March 15th total of 500 shares. Based on an average daily trading volume, of 3,700 shares, the days-to-cover ratio is presently 0.1 days.

Postal Savings Bank of China Price Performance

PSTVY traded up $0.68 during trading on Thursday, reaching $13.60. 455 shares of the stock were exchanged, compared to its average volume of 1,952. The stock’s 50 day moving average price is $12.72 and its two-hundred day moving average price is $12.06. Postal Savings Bank of China has a twelve month low of $9.92 and a twelve month high of $14.20.

Postal Savings Bank of China Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, June 6th. Investors of record on Thursday, April 24th will be paid a $0.2194 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a yield of 8.57%.

Postal Savings Bank of China Company Profile

Postal Savings Bank of China Co, Ltd., together with its subsidiaries, provides various banking products and services for retail and corporate customers in the People’s Republic of China. It offers demand, time, personal call, time/demand optional, call, negotiated, and foreign currency deposits, as well as passbooks and certificate of deposits; micro and personal pledged, and personal business loans; business easy mix, agriculture aid plus, domestic remittance and exchange, payment and collection agency, check, promissory notes, bank and commercial draft, remittance, consignment collection, and collection with acceptance settlement services; debit and credit cards; cross-border remittance, personal exchange settlement and sale, and foreign currency exchange and deposit services; personal housing, auto, car, consumer, and personal education loans; wealth management products and funds; and insurance agency services.