Short Interest in BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Decreases By 90.6%

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 1,070 shares, a decrease of 90.6% from the April 30th total of 11,355 shares. Based on an average trading volume of 6,125 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of BOC Hong Kong from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

BOC Hong Kong Price Performance

OTCMKTS BHKLY opened at $120.07 on Friday. BOC Hong Kong has a 52-week low of $82.68 and a 52-week high of $127.73. The firm has a 50-day moving average price of $113.83 and a 200 day moving average price of $106.96.

About BOC Hong Kong

BOC Hong Kong (OTCMKTS: BHKLY) is a Hong Kong-based banking group that operates as the Hong Kong subsidiary of Bank of China. The group is a licensed bank and one of the territory’s note-issuing banks, participating in the issuance of Hong Kong dollar banknotes. It provides a broad range of banking and financial services to retail, corporate and institutional clients, positioning itself as a major participant in Hong Kong’s financial services sector.

BOC Hong Kong’s businesses include retail banking services such as deposit accounts, mortgages, personal loans and credit cards, together with wealth management and private banking solutions.