Short Interest in HSBC Holdings plc (NYSE:HSBC) Expands By 5.9%

HSBC Holdings plc (NYSE:HSBC) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totalling 8,290,000 shares, an increase of 5.9% from the July 31st total of 7,830,000 shares. Based on an average trading volume of 1,390,000 shares, the short-interest ratio is currently 6.0 days. Currently, 0.2% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Dbs Bank raised HSBC to a “strong-buy” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

HSBC Stock Up 0.8 %

Shares of NYSE:HSBC traded up $0.35 during trading on Monday, hitting $44.46. The company’s stock had a trading volume of 1,325,700 shares, compared to its average volume of 1,834,869. The company has a market capitalization of $164.25 billion, a PE ratio of 7.67, a P/E/G ratio of 0.97 and a beta of 0.58. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 0.89. HSBC has a fifty-two week low of $35.30 and a fifty-two week high of $45.53. The business has a 50 day moving average price of $43.10 and a two-hundred day moving average price of $42.11.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. The company had revenue of $16.54 billion for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. As a group, research analysts expect that HSBC will post 5.74 EPS for the current fiscal year.

HSBC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 16th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.00 dividend on an annualized basis and a yield of 4.50%. HSBC’s dividend payout ratio is currently 34.14%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of HSBC during the 4th quarter worth about $1,962,000. Truist Financial Corp raised its holdings in HSBC by 3.4% during the fourth quarter. Truist Financial Corp now owns 34,956 shares of the financial services provider’s stock worth $1,417,000 after purchasing an additional 1,139 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of HSBC by 92.0% during the 4th quarter. Russell Investments Group Ltd. now owns 18,969 shares of the financial services provider’s stock worth $769,000 after buying an additional 9,087 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new position in shares of HSBC in the 4th quarter valued at $206,000. Finally, Mission Wealth Management LP purchased a new position in shares of HSBC in the 4th quarter valued at $211,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.