HDFC Bank Limited (NYSE:HDB) Short Interest Update

HDFC Bank Limited (NYSE:HDB) saw a large increase in short interest during the month of December. As of December 29th, there was short interest totalling 1,009,161 shares, an increase of 32.2% from the December 15th total of 763,576 shares. Based on an average daily volume of 431,229 shares, the short-interest ratio is presently 2.3 days.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Bank Ltd. boosted its position in HDFC Bank by 104.2% during the 4th quarter. First Trust Bank Ltd. now owns 14,700 shares of the bank’s stock valued at $1,495,000 after buying an additional 7,500 shares during the period. Standard Life Aberdeen plc boosted its position in HDFC Bank by 6.5% during the 4th quarter. Standard Life Aberdeen plc now owns 1,421,080 shares of the bank’s stock valued at $144,559,000 after buying an additional 86,750 shares during the period. Timber Hill LLC purchased a new stake in HDFC Bank during the 4th quarter valued at $1,318,000. Baird Financial Group Inc. boosted its position in HDFC Bank by 20.2% during the 4th quarter. Baird Financial Group Inc. now owns 297,877 shares of the bank’s stock valued at $30,286,000 after buying an additional 50,108 shares during the period. Finally, FDx Advisors Inc. boosted its position in HDFC Bank by 3.4% during the 4th quarter. FDx Advisors Inc. now owns 25,564 shares of the bank’s stock valued at $2,599,000 after buying an additional 835 shares during the period. 17.44% of the stock is owned by institutional investors and hedge funds.

Shares of HDFC Bank (NYSE HDB) traded up $2.18 on Monday, reaching $101.44. 547,585 shares of the company’s stock traded hands, compared to its average volume of 731,237. The stock has a market cap of $84,786.11, a PE ratio of 38.14, a P/E/G ratio of 1.12 and a beta of 0.91. HDFC Bank has a fifty-two week low of $68.89 and a fifty-two week high of $110.77.

Separately, Zacks Investment Research lowered shares of HDFC Bank from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th.

WARNING: “HDFC Bank Limited (NYSE:HDB) Short Interest Update” was posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://www.thelincolnianonline.com/2018/02/12/short-interest-in-hdfc-bank-limited-hdb-grows-by-32-2-updated-updated-updated.html.

About HDFC Bank

HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.

Receive News & Ratings for HDFC Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply