BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) Sees Significant Increase in Short Interest

BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 12,500 shares, an increase of 111.9% from the March 15th total of 5,900 shares. Based on an average trading volume of 9,900 shares, the short-interest ratio is presently 1.3 days. Approximately 0.0% of the company’s shares are sold short.

BOC Hong Kong Trading Down 0.9 %

BHKLY stock opened at $75.08 on Friday. The firm has a 50 day moving average price of $74.62 and a 200-day moving average price of $68.23. BOC Hong Kong has a 52-week low of $55.74 and a 52-week high of $83.52.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered shares of BOC Hong Kong from a “strong-buy” rating to a “neutral” rating in a research note on Tuesday.

BOC Hong Kong Company Profile

BOC Hong Kong (Holdings) Limited, an investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally. The company operates through four segments: Personal Banking, Corporate Banking, Treasury, and Insurance. It offers savings, current, and time deposit accounts; mortgage plans; corporate deposits, and payroll and e-cheques services.