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

Key Points

• Bank Hapoalim experienced a significant increase in short interest, rising to 185,100 shares as of July 15th, marking an 8,313.6% increase from the previous month.
• The bank recently announced a dividend increase to $0.5386 per share, reflecting a dividend yield of 207.0% and a payout ratio of 27.09%.
• As of the latest trading session, Bank Hapoalim shares were up $0.50, reaching a price of $94.69, with a market cap of $24.92 billion.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 185,100 shares, anincreaseof8,313.6% from the June 30th total of 2,200 shares. Based on an average daily volume of 175,600 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 175,600 shares, the days-to-cover ratio is presently 1.1 days.

Bank Hapoalim Stock Performance

Shares of Bank Hapoalim stock traded down $4.41 during trading hours on Tuesday, reaching $90.17. 2,841 shares of the stock traded hands, compared to its average volume of 18,658. The company has a 50 day moving average price of $90.01 and a 200 day moving average price of $76.76. The firm has a market capitalization of $23.73 billion, a price-to-earnings ratio of 10.90 and a beta of 1.13. Bank Hapoalim has a one year low of $47.20 and a one year high of $100.20. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.41.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) last posted its quarterly earnings data on Sunday, May 18th. The bank reported $2.53 EPS for the quarter. The firm had revenue of $1.57 billion for the quarter. Bank Hapoalim had a return on equity of 14.07% and a net margin of 19.73%.

Bank Hapoalim Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a dividend of $0.5386 per share. This represents a yield of 207.0%. The ex-dividend date was Friday, May 30th. This is a positive change from Bank Hapoalim's previous dividend of $0.27. Bank Hapoalim's dividend payout ratio (DPR) is 26.96%.

Bank Hapoalim Company Profile

Bank Hapoalim B.M., together with its subsidiaries, provides various banking and financial products and services in Israel and internationally. It operates through Household, Private Banking, Small businesses and micro businesses, Mid-sized businesses, Large businesses, Institutional entities, and Financial management segments.