Short Interest in BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Grows By 140.3%

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 13,538 shares, an increase of 140.3% from the June 15th total of 5,633 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 7,152 shares, the days-to-cover ratio is currently 1.9 days.

BOC Hong Kong Price Performance

BOC Hong Kong stock opened at $119.38 on Thursday. The business’s fifty day moving average is $118.35 and its two-hundred day moving average is $111.54. BOC Hong Kong has a 52 week low of $88.94 and a 52 week high of $128.00.

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, BOC Hong Kong has an average rating of “Buy”.

BOC Hong Kong Company Profile

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.