Bank of Communications Co., Ltd. (OTCMKTS:BCMXY – Get Rating) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 500 shares, a drop of 16.7% from the August 15th total of 600 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 5.0 days.

Bank of Communications Price Performance

Shares of OTCMKTS:BCMXY traded down $0.09 during midday trading on Friday, reaching $14.15. 364 shares of the company's stock were exchanged, compared to its average volume of 56. The company's 50 day simple moving average is $14.87 and its two-hundred day simple moving average is $16.25. Bank of Communications has a 12 month low of $14.15 and a 12 month high of $17.62.

Bank of Communications Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, August 17th. Stockholders of record on Wednesday, July 6th were issued a dividend of $1.144 per share. This represents a dividend yield of 6.55%. The ex-dividend date of this dividend was Tuesday, July 5th. Bank of Communications's payout ratio is 26.76%.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. provides commercial banking products and services. The company offers personal banking products and services, including demand, time, call, withdrawal, foreign currency, swap management, and education deposits, as well as certificate of deposits; credit and debit cards; housing and personal loans; and wealth management products, and wealth management advisory and consulting services.

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