HSBC Holdings plc (NYSE:HSBC) Short Interest Update

HSBC Holdings plc (NYSE:HSBC) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 7,445,268 shares, an increase of 21.7% from the January 15th total of 6,119,288 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 1,879,878 shares, the days-to-cover ratio is presently 4.0 days. Based on an average trading volume of 1,879,878 shares, the days-to-cover ratio is presently 4.0 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HSBC. Fisher Asset Management LLC lifted its holdings in HSBC by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 17,800,748 shares of the financial services provider’s stock worth $1,400,385,000 after purchasing an additional 402,288 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of HSBC by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 10,575,644 shares of the financial services provider’s stock worth $750,659,000 after buying an additional 185,073 shares during the last quarter. Morgan Stanley grew its stake in HSBC by 15.3% in the 4th quarter. Morgan Stanley now owns 7,483,883 shares of the financial services provider’s stock valued at $588,757,000 after buying an additional 993,473 shares during the last quarter. Northern Trust Corp raised its holdings in HSBC by 4.7% in the 3rd quarter. Northern Trust Corp now owns 3,045,134 shares of the financial services provider’s stock worth $216,144,000 after acquiring an additional 136,342 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in HSBC by 77.0% during the fourth quarter. Clearbridge Investments LLC now owns 1,443,716 shares of the financial services provider’s stock valued at $113,577,000 after acquiring an additional 627,857 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HSBC shares. Citigroup reissued a “buy” rating on shares of HSBC in a research note on Friday, January 9th. Keefe, Bruyette & Woods upgraded shares of HSBC from a “hold” rating to a “moderate buy” rating in a report on Wednesday, December 17th. Bank of America raised shares of HSBC from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 10th. Weiss Ratings restated a “hold (c+)” rating on shares of HSBC in a report on Monday, December 29th. Finally, Zacks Research upgraded HSBC from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, HSBC has a consensus rating of “Moderate Buy” and an average target price of $63.00.

HSBC Stock Down 1.8%

HSBC stock opened at $85.19 on Tuesday. The company has a market capitalization of $292.61 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.91 and a beta of 0.52. HSBC has a 1-year low of $45.66 and a 1-year high of $90.81. The firm’s fifty day simple moving average is $82.14 and its 200-day simple moving average is $73.04. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49.

HSBC Company Profile

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.