HSBC Holdings plc (NYSE:HSBC) Short Interest Update

HSBC Holdings plc (NYSE:HSBC) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 6,820,000 shares, a decline of 10.4% from the January 15th total of 7,610,000 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 1,190,000 shares, the days-to-cover ratio is currently 5.7 days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd.

Institutional Trading of HSBC

Several institutional investors and hedge funds have recently bought and sold shares of the business. Berbice Capital Management LLC acquired a new position in shares of HSBC during the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC increased its holdings in shares of HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 210 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of HSBC by 342.9% in the fourth quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 456 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of HSBC during the 4th quarter worth about $30,000. Finally, Larson Financial Group LLC boosted its holdings in shares of HSBC by 138.5% during the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after buying an additional 450 shares during the period. Institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

Shares of HSBC stock traded up $1.77 on Tuesday, reaching $56.86. The stock had a trading volume of 2,855,997 shares, compared to its average volume of 1,463,957. HSBC has a 12 month low of $36.93 and a 12 month high of $57.08. The firm has a market capitalization of $203.64 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 1.41 and a beta of 0.54. The firm’s 50-day moving average is $50.61 and its two-hundred day moving average is $46.73. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52.

About HSBC

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.