Hang Seng Bank Limited (OTCMKTS:HSNGY) Sees Large Growth in Short Interest

Hang Seng Bank Limited (OTCMKTS:HSNGY) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 400 shares, an increase of 100.0% from the February 13th total of 200 shares. Based on an average daily trading volume, of 9,700 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Hang Seng Bank Stock Performance

Shares of HSNGY stock traded up $0.30 during trading on Friday, hitting $14.00. 2,516 shares of the company were exchanged, compared to its average volume of 6,719. The business’s 50-day simple moving average is $12.87 and its 200 day simple moving average is $12.39. Hang Seng Bank has a twelve month low of $10.80 and a twelve month high of $15.06.

Hang Seng Bank Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, April 7th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.4115 per share. This is a boost from Hang Seng Bank’s previous dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 5th.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Hang Seng Bank from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 19th.

Hang Seng Bank Company Profile

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprises, and institutional customers in Hong Kong, the Mainland of China, and internationally. It operates through five segments: Wealth and Personal Banking, Commercial Banking, Global Banking, Global Markets, and Other.