BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Stock Short Interest Rises 1,413.8%

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 878 shares, a growth of 1,413.8% from the September 15th total of 58 shares. Based on an average daily trading volume, of 3,077 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, China Intl Cap upgraded BOC Hong Kong to a “strong-buy” rating in a research note on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Strong Buy”.

BOC Hong Kong Stock Performance

Shares of BOC Hong Kong stock traded up $3.04 on Friday, hitting $126.71. 4,057 shares of the company’s stock traded hands, compared to its average volume of 1,923. BOC Hong Kong has a 52-week low of $92.52 and a 52-week high of $140.00. The firm’s 50-day moving average is $130.48 and its 200 day moving average is $121.78.

BOC Hong Kong Company Profile

BOC Hong Kong (Holdings) Limited is a Hong Kong-based financial holding company and the parent of Bank of China (Hong Kong) Limited. The group provides banking and related financial services to individuals, businesses, corporations, and institutional customers.

Its principal activities include personal banking, deposits, residential and commercial lending, credit cards, wealth management, insurance distribution, corporate and investment banking, treasury services, foreign exchange, and securities-related services.