Short Interest in HSBC Holdings plc (NYSE:HSBC) Drops By 6.2%

HSBC Holdings plc (NYSE:HSBCGet Free Report) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totalling 7,460,000 shares, a drop of 6.2% from the September 30th total of 7,950,000 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 1,440,000 shares, the days-to-cover ratio is presently 5.2 days.

Institutional Trading of HSBC

A number of hedge funds have recently made changes to their positions in HSBC. Mediolanum International Funds Ltd acquired a new stake in shares of HSBC in the third quarter valued at approximately $139,895,000. International Assets Investment Management LLC acquired a new stake in HSBC during the 3rd quarter worth approximately $54,770,000. Stamos Capital Partners L.P. lifted its holdings in HSBC by 884.1% during the 1st quarter. Stamos Capital Partners L.P. now owns 125,970 shares of the financial services provider’s stock worth $4,958,000 after purchasing an additional 113,170 shares during the last quarter. Susquehanna International Securities Ltd. lifted its holdings in HSBC by 285.8% during the 1st quarter. Susquehanna International Securities Ltd. now owns 112,583 shares of the financial services provider’s stock worth $4,431,000 after purchasing an additional 83,403 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in HSBC by 22.1% during the 2nd quarter. Natixis Advisors LLC now owns 413,789 shares of the financial services provider’s stock worth $18,000,000 after purchasing an additional 74,980 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Down 0.3 %

HSBC stock traded down $0.13 during mid-day trading on Thursday, reaching $46.10. The company had a trading volume of 361,165 shares, compared to its average volume of 1,715,254. HSBC has a 52 week low of $36.02 and a 52 week high of $47.26. The company has a market capitalization of $172.92 billion, a price-to-earnings ratio of 7.97 and a beta of 0.56. The stock has a 50 day simple moving average of $44.36 and a two-hundred day simple moving average of $43.64. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.89 and a quick ratio of 0.96.

HSBC (NYSE:HSBCGet Free Report) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. The company had revenue of $16.54 billion during the quarter. As a group, equities analysts predict that HSBC will post 6.22 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be given a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.34%. HSBC’s payout ratio is 34.14%.

Wall Street Analysts Forecast Growth

Separately, Dbs Bank upgraded HSBC to a “strong-buy” rating in a research note on Wednesday, July 31st.

Get Our Latest Stock Analysis on HSBC

HSBC Company Profile

(Get Free Report)

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.

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