Hang Seng Bank Limited (OTCMKTS:HSNGY) Short Interest Update

Hang Seng Bank Limited (OTCMKTS:HSNGY) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,000 shares, an increase of 150.0% from the February 28th total of 400 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 11,200 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Hang Seng Bank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 19th.

Hang Seng Bank Trading Up 1.6 %

HSNGY stock opened at $13.76 on Friday. The business’s 50 day moving average price is $13.20 and its two-hundred day moving average price is $12.50. Hang Seng Bank has a fifty-two week low of $10.88 and a fifty-two week high of $15.06.

Hang Seng Bank Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, April 7th. Shareholders of record on Wednesday, March 5th will be issued a $0.4115 dividend. This is an increase from Hang Seng Bank’s previous dividend of $0.14. The ex-dividend date is Wednesday, March 5th.

About Hang Seng Bank

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprises, and institutional customers in Hong Kong, the Mainland of China, and internationally. It operates through five segments: Wealth and Personal Banking, Commercial Banking, Global Banking, Global Markets, and Other.