HDFC Bank Limited (NYSE:HDB) Short Interest Update

HDFC Bank Limited (NYSE:HDB) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 14,290,000 shares, a growth of 9.7% from the January 15th total of 13,030,000 shares. Based on an average daily volume of 2,680,000 shares, the short-interest ratio is presently 5.3 days.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HDB. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

Institutional Investors Weigh In On HDFC Bank

Several institutional investors and hedge funds have recently made changes to their positions in HDB. CWM LLC raised its position in HDFC Bank by 2,567.2% during the third quarter. CWM LLC now owns 3,094 shares of the bank’s stock worth $194,000 after acquiring an additional 2,978 shares during the last quarter. Creative Planning raised its position in shares of HDFC Bank by 26.0% during the 3rd quarter. Creative Planning now owns 130,768 shares of the bank’s stock worth $8,181,000 after purchasing an additional 26,983 shares during the last quarter. Aaron Wealth Advisors LLC purchased a new stake in HDFC Bank in the 3rd quarter valued at approximately $397,000. Blue Trust Inc. grew its holdings in HDFC Bank by 41.7% during the 3rd quarter. Blue Trust Inc. now owns 25,459 shares of the bank’s stock valued at $1,638,000 after buying an additional 7,486 shares during the last quarter. Finally, Raymond James & Associates increased its position in HDFC Bank by 2.7% during the third quarter. Raymond James & Associates now owns 588,382 shares of the bank’s stock worth $36,809,000 after buying an additional 15,238 shares in the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Stock Up 0.2 %

HDB opened at $60.29 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. HDFC Bank has a 12 month low of $53.00 and a 12 month high of $68.50. The stock has a market capitalization of $152.68 billion, a P/E ratio of 18.33, a P/E/G ratio of 1.70 and a beta of 0.91. The business has a 50 day simple moving average of $62.08 and a 200-day simple moving average of $62.42.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, equities analysts anticipate that HDFC Bank will post 3.09 earnings per share for the current fiscal year.

About HDFC Bank

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.