Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY – Get Rating) was the target of a sharp increase in short-term interest during the month of July. As of July 15, there was short interest totaling 2,100 shares, an increase of 2,000.0% from the June 30 total of 100 shares. Based on an average daily volume of 9,800 shares, the short interest ratio is currently 0.2 days.
Wall Street analysts predict growth
Separately, Goldman Sachs Group downgraded the Postal Savings Bank of China rating from a “buy conviction” rating to a “buy” rating in a report on Wednesday, July 20.
China Postal Savings Bank stock performance
PSTVY opened at $13.84 on Friday. The Postal Savings Bank of China has a 12-month low of $12.81 and a 12-month high of $17.37. The stock’s 50-day moving average price is $14.56 and its 200-day moving average price is $15.59.
China Postal Savings Bank Dividend Announcement
The company also recently announced a dividend, which will be paid on Wednesday, August 24. Investors of record on Friday, July 1 will receive a dividend of $0.6465. This represents a return of 4.21%. The ex-dividend date is Thursday, June 30.
About China Postal Savings Bank
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Postal Savings Bank of China Co, Ltd., together with its subsidiaries, provides various personal and corporate banking products and services in the People’s Republic of China. Its Personal Banking segment offers savings products, such as demand, time, personal call, optional time/demand and foreign currency deposits; booklets; certificate of deposits; personal, pledged and personal microloans to businesses; debit and credit cards; wealth management products and funds; and insurance agency services.
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