Bank Hapoalim (OTCMKTS:BKHYY) Sees Large Growth in Short Interest

Bank Hapoalim (OTCMKTS:BKHYY) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 45,758 shares, a growth of 2,195.9% from the August 31st total of 1,993 shares. Based on an average trading volume of 33,986 shares, the short-interest ratio is presently 1.3 days. Approximately 0.0% of the shares of the company are sold short.

Bank Hapoalim Stock Performance

BKHYY stock traded down $2.35 during midday trading on Friday, reaching $126.55. 1,650 shares of the company’s stock traded hands, compared to its average volume of 14,598. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.66. Bank Hapoalim has a 52-week low of $92.28 and a 52-week high of $146.00. The stock has a market cap of $33.04 billion, a P/E ratio of 11.18 and a beta of 1.20. The stock’s 50-day moving average is $127.69 and its 200 day moving average is $125.78.

Bank Hapoalim (OTCMKTS:BKHYY) last issued its quarterly earnings data on Tuesday, August 11th. The bank reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.20. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $6.13 billion. Bank Hapoalim had a net margin of 22.88% and a return on equity of 14.65%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised Bank Hapoalim from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Bank Hapoalim Company Profile

Bank Hapoalim B.M. is one of Israel’s largest banking institutions, serving individual, business, corporate and institutional customers. The bank provides a broad range of financial services, including deposit accounts, consumer and commercial lending, mortgages, payment cards, foreign-currency services and digital banking.

Its business also includes corporate and investment banking, capital-markets services, asset management, private banking and wealth-management solutions. Bank Hapoalim serves customers through a network of branches and digital channels in Israel, while its international activities are conducted through subsidiaries and representative operations serving selected global markets.

Established in 1921, the bank has played a longstanding role in Israel’s financial system.