BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Short Interest Update

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) saw a large increase in short interest in 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. Based on an average daily trading volume, of 7,152 shares, the short-interest ratio is currently 1.9 days. Approximately 0.0% of the company’s stock are sold short.

BOC Hong Kong Stock Performance

OTCMKTS:BHKLY opened at $118.06 on Tuesday. BOC Hong Kong has a fifty-two week low of $88.94 and a fifty-two week high of $128.00. The firm has a 50-day simple moving average of $118.23 and a two-hundred day simple moving average of $111.31.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised BOC Hong Kong from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, BOC Hong Kong presently has a consensus 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.