Short Interest in Bank Hapoalim (OTCMKTS:BKHYY) Declines By 89.5%

Bank Hapoalim (OTCMKTS:BKHYY) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 653 shares, a decline of 89.5% from the February 26th total of 6,196 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 65,953 shares, the short-interest ratio is presently 0.0 days.

Bank Hapoalim Trading Down 0.6%

Shares of Bank Hapoalim stock traded down $0.68 on Thursday, reaching $121.76. The company had a trading volume of 2,486 shares, compared to its average volume of 10,231. The firm has a market cap of $31.96 billion, a price-to-earnings ratio of 11.35 and a beta of 1.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s 50-day moving average price is $127.40 and its two-hundred day moving average price is $113.45. Bank Hapoalim has a 1 year low of $65.67 and a 1 year high of $143.25.

Bank Hapoalim (OTCMKTS:BKHYY) last issued its quarterly earnings results on Wednesday, March 4th. The bank reported $2.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.51). Bank Hapoalim had a return on equity of 15.44% and a net margin of 22.63%.The company had revenue of $1.76 billion during the quarter.

Wall Street Analyst Weigh In

Separately, Barclays lowered Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average 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.