Short Interest in BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Grows By 221.7%

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 5,633 shares, a growth of 221.7% from the May 31st total of 1,751 shares. Based on an average trading volume of 7,021 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised BOC Hong Kong from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

BOC Hong Kong Price Performance

BOC Hong Kong stock opened at $114.18 on Tuesday. The company’s 50 day simple moving average is $118.50 and its 200 day simple moving average is $110.36. BOC Hong Kong has a fifty-two week low of $86.12 and a fifty-two week high of $128.00.

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.