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

Hang Seng Bank Ltd. (OTCMKTS:HSNGY) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 600 shares, a growth of 500.0% from the August 31st total of 100 shares. Based on an average daily volume of 11,800 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 11,800 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

A number of analysts have commented on the company. UBS Group lowered Hang Seng Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, July 31st. Zacks Research raised Hang Seng Bank from a “strong sell” rating to a “hold” rating in a report on Monday. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Hang Seng Bank presently has a consensus rating of “Reduce”.

Hang Seng Bank Stock Performance

Shares of OTCMKTS HSNGY opened at $15.37 on Friday. Hang Seng Bank has a twelve month low of $11.25 and a twelve month high of $16.34. The stock’s 50 day moving average price is $14.76 and its 200-day moving average price is $14.30.

Hang Seng Bank Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were paid a $0.1456 dividend. The ex-dividend date was Thursday, August 14th. This represents a yield of 564.0%.

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.