Short Interest in BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Drops By 63.5%

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,247 shares, a decline of 63.5% from the July 15th total of 3,412 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 5,038 shares, the short-interest ratio is currently 0.2 days.

BOC Hong Kong Trading Down 2.4%

OTCMKTS:BHKLY traded down $3.16 on Friday, hitting $128.30. The stock had a trading volume of 1,628 shares, compared to its average volume of 2,282. The business’s fifty day moving average is $121.97 and its 200 day moving average is $115.44. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.24. BOC Hong Kong has a 52 week low of $88.96 and a 52 week high of $134.62.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of BOC Hong Kong from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

BOC Hong Kong Company Profile

BOC Hong Kong (OTCMKTS: BHKLY) is a Hong Kong-based banking group that operates as the Hong Kong subsidiary of Bank of China. The group is a licensed bank and one of the territory’s note-issuing banks, participating in the issuance of Hong Kong dollar banknotes. It provides a broad range of banking and financial services to retail, corporate and institutional clients, positioning itself as a major participant in Hong Kong’s financial services sector.

BOC Hong Kong’s businesses include retail banking services such as deposit accounts, mortgages, personal loans and credit cards, together with wealth management and private banking solutions.