Short Interest in Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) Decreases By 95.8%

Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totalling 100 shares, a drop of 95.8% from the June 30th total of 2,400 shares. Based on an average daily trading volume, of 300 shares, the short-interest ratio is currently 0.3 days.

Postal Savings Bank of China Price Performance

Postal Savings Bank of China stock remained flat at $10.71 during mid-day trading on Thursday. 42 shares of the company’s stock were exchanged, compared to its average volume of 13,908. The company has a fifty day moving average of $11.32 and a two-hundred day moving average of $10.58. Postal Savings Bank of China has a 1 year low of $8.60 and a 1 year high of $12.23.

Postal Savings Bank of China Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.5788 per share. The ex-dividend date is Wednesday, July 3rd.

About Postal Savings Bank of China

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.