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.
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.
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