Hang Seng Bank Ltd. (OTCMKTS:HSNGY) Short Interest Up 1,177.8% in December

Hang Seng Bank Ltd. (OTCMKTS:HSNGY) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 920 shares, a growth of 1,177.8% from the December 15th total of 72 shares. Based on an average daily trading volume, of 4,016 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,016 shares, the days-to-cover ratio is presently 0.2 days.

Hang Seng Bank Price Performance

HSNGY traded down $0.14 on Monday, hitting $19.79. 6,844 shares of the company’s stock were exchanged, compared to its average volume of 1,949. The stock has a fifty day moving average of $19.58 and a two-hundred day moving average of $17.06. Hang Seng Bank has a twelve month low of $11.66 and a twelve month high of $20.25.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Hang Seng Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Hang Seng Bank presently has an average rating of “Reduce”.

Hang Seng Bank Company Profile

Hang Seng Bank is a Hong Kong-based banking group that provides a broad range of financial services to retail, commercial and institutional customers. Founded in 1933, the bank has grown into one of the region’s prominent lenders and is majority-owned by the HSBC Group. Hang Seng offers traditional banking functions alongside specialized services tailored to personal and corporate clients.

Core businesses include retail banking and wealth management, commercial and corporate banking, private banking, and treasury and markets.