Hang Seng Bank Ltd. (OTCMKTS:HSNGY) Short Interest Update

Hang Seng Bank Ltd. (OTCMKTS:HSNGY) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,200 shares, an increase of 2,100.0% from the September 30th total of 100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 18,300 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 18,300 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Zacks Research upgraded Hang Seng Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. UBS Group cut Hang Seng Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, July 31st. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Hang Seng Bank Price Performance

Shares of Hang Seng Bank stock opened at $19.54 on Wednesday. Hang Seng Bank has a fifty-two week low of $11.25 and a fifty-two week high of $20.05. The business’s fifty day moving average is $16.17 and its two-hundred day moving average is $15.00.

Hang Seng Bank Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were paid a dividend of $0.1456 per share. This represents a dividend yield of 564.0%. The ex-dividend date of this dividend was Thursday, August 14th.

Hang Seng Bank Company Profile

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.