Hang Seng Bank Limited (OTCMKTS:HSNGY) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 200 shares, a drop of 90.0% from the December 15th total of 2,000 shares. Based on an average daily trading volume, of 3,600 shares, the short-interest ratio is currently 0.1 days.
Separately, Zacks Investment Research raised shares of Hang Seng Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, October 5th.
Shares of HSNGY traded up $0.91 during mid-day trading on Friday, hitting $20.18. 4,419 shares of the company’s stock were exchanged, compared to its average volume of 2,031. Hang Seng Bank has a 52 week low of $16.80 and a 52 week high of $21.43. The company has a 50-day simple moving average of $18.52 and a 200 day simple moving average of $18.57.
Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprise, and institutional customers in Hong Kong, Mainland China, and internationally. It operates through four segments: Wealth and Personal Banking, Commercial Banking, Global Banking and Markets, and Other.
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