BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Stock Short Interest Drops 87.3%

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 58 shares, a decline of 87.3% from the August 31st total of 458 shares. Based on an average daily trading volume, of 2,845 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

BOC Hong Kong Price Performance

BHKLY stock remained flat at $131.75 during midday trading on Friday. 1,341 shares of the company’s stock were exchanged, compared to its average volume of 1,667. The company’s 50-day moving average is $129.88 and its 200-day moving average is $120.03. BOC Hong Kong has a fifty-two week low of $92.52 and a fifty-two week high of $140.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.68 and a quick ratio of 0.68.

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 investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

About BOC Hong Kong

BOC Hong Kong (Holdings) Limited is a financial services holding company whose principal operating subsidiary is Bank of China (Hong Kong) Limited. The group provides commercial and retail banking services to individuals, businesses, corporations and institutional clients, with Hong Kong as its primary market.

Its services include deposit accounts, personal and commercial loans, mortgages, credit cards, payment and remittance services, wealth management, investment products, insurance distribution, foreign exchange and treasury services.