Short Interest in BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Declines By 51.7%

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 458 shares, a decrease of 51.7% from the August 15th total of 948 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,523 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, China Intl Cap upgraded shares of BOC Hong Kong to a “strong-buy” rating in a research note on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

BOC Hong Kong Price Performance

BHKLY stock opened at $131.17 on Wednesday. BOC Hong Kong has a 52 week low of $92.30 and a 52 week high of $140.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $127.77 and a 200 day moving average of $118.91.

BOC Hong Kong Company Profile

BOC Hong Kong (Holdings) Limited is a financial services holding company whose principal operating subsidiary is Bank of China (Hong Kong) Limited. The group provides commercial and retail banking services to individuals, businesses, corporations and institutional clients, with Hong Kong as its primary market.

Its services include deposit accounts, personal and commercial loans, mortgages, credit cards, payment and remittance services, wealth management, investment products, insurance distribution, foreign exchange and treasury services.