BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Sees Significant Decrease in Short Interest

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 458 shares, a drop of 51.7% from the August 15th total of 948 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 3,523 shares, the days-to-cover ratio is currently 0.1 days.

BOC Hong Kong Stock Performance

BOC Hong Kong stock opened at $137.03 on Tuesday. BOC Hong Kong has a 1 year low of $92.30 and a 1 year high of $140.00. The firm’s 50 day moving average price is $127.34 and its two-hundred day moving average price is $118.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.68 and a current ratio of 0.68.

Analyst Upgrades and Downgrades

Separately, China Intl Cap raised BOC Hong Kong to a “strong-buy” rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, BOC Hong Kong has a consensus 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.