Bank Hapoalim (OTCMKTS:BKHYY) Sees Significant Increase in Short Interest

Bank Hapoalim (OTCMKTS:BKHYY) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 3,112 shares, a growth of 741.1% from the September 30th total of 370 shares. Based on an average daily volume of 15,268 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised shares of Bank Hapoalim from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy”.

Bank Hapoalim Trading Up 2.4%

Shares of Bank Hapoalim stock opened at $127.21 on Wednesday. The business has a 50-day moving average price of $128.10 and a two-hundred day moving average price of $125.97. Bank Hapoalim has a 1-year low of $98.40 and a 1-year high of $146.00.

Bank Hapoalim (OTCMKTS:BKHYY) last posted its quarterly earnings results on Tuesday, August 11th. The bank reported $3.21 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.20. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $6.13 billion.

Bank Hapoalim Company Profile

Bank Hapoalim B.M. is one of Israel’s largest banking institutions. Founded in 1921, the bank provides a broad range of financial services to individuals, businesses, institutional clients and government-related entities, with its primary operations based in Israel.

Its services include personal and business checking accounts, deposits, consumer and commercial lending, mortgages, credit cards, payments, foreign-currency services, investment products and digital banking. Bank Hapoalim also offers corporate and investment banking services, including financing, cash management, trade finance, capital-markets services and advisory solutions for larger companies and institutional customers.

In addition to its extensive branch network and digital channels in Israel, the bank serves selected international clients through overseas activities and representative operations.