Short Interest in Bank Hapoalim (OTCMKTS:BKHYY) Decreases By 65.4%

Bank Hapoalim (OTCMKTS:BKHYY) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 6,227 shares, a decrease of 65.4% from the December 31st total of 18,020 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 7,924 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 7,924 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the company’s shares are sold short.

Bank Hapoalim Trading Up 0.9%

BKHYY traded up $1.09 during mid-day trading on Thursday, hitting $126.00. 200 shares of the stock were exchanged, compared to its average volume of 3,911. The firm’s fifty day moving average is $116.52 and its two-hundred day moving average is $104.13. Bank Hapoalim has a 1-year low of $64.20 and a 1-year high of $130.84. The company has a market cap of $33.14 billion, a PE ratio of 12.74 and a beta of 1.16. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52.

Bank Hapoalim (OTCMKTS:BKHYY) last issued its quarterly earnings results on Thursday, November 20th. The bank reported $2.68 earnings per share (EPS) for the quarter. Bank Hapoalim had a net margin of 21.60% and a return on equity of 14.60%. The company had revenue of $1.99 billion for the quarter.

Bank Hapoalim Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, December 2nd were issued a $0.9362 dividend. The ex-dividend date was Monday, December 1st. This represents a yield of 266.0%. Bank Hapoalim’s dividend payout ratio (DPR) is 38.62%.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered shares of Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

About Bank Hapoalim

Bank Hapoalim B.M. is one of Israel’s largest banking groups, providing a broad range of financial services to retail, corporate and institutional customers. Founded in 1921 by the Histadrut labor federation, the bank has developed into a full-service financial institution offering deposit accounts, consumer and mortgage lending, credit cards, payment services, and branch-based retail banking. It also serves small and medium-sized enterprises with working capital and trade finance solutions.

In addition to traditional retail banking, Bank Hapoalim operates significant corporate and investment banking divisions.