Hang Seng Bank Limited (OTCMKTS:HSNGY – Get Free Report) was the recipient of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 200 shares, a decrease of 50.0% from the January 31st total of 400 shares. Based on an average daily volume of 11,100 shares, the short-interest ratio is currently 0.0 days.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group upgraded Hang Seng Bank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 19th.
Check Out Our Latest Stock Report on HSNGY
Hang Seng Bank Trading Up 1.8 %
Hang Seng Bank Increases Dividend
The firm also recently declared a dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.4115 per share. The ex-dividend date is Wednesday, March 5th. This is a positive change from Hang Seng Bank’s previous dividend of $0.14.
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.
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