Bank Hapoalim (OTCMKTS:BKHYY) Short Interest Update

Key Points

• Short interest in Bank Hapoalim declined significantly by 99.2% in July, dropping from 185,100 shares to just 1,500 shares.
• The bank reported $2.68 EPS with a revenue of $1.80 billion for the last quarter, showcasing a healthy net margin of 19.73%.
• Bank Hapoalim recently increased its dividend from $0.27 to $0.5386, reflecting a substantial yield of 207.0% for shareholders.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,500 shares, adecreaseof99.2% from the July 15th total of 185,100 shares. Approximately0.0% of the shares of the company are short sold. Based on an average trading volume of 21,100 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 21,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately0.0% of the shares of the company are short sold.

Bank Hapoalim Price Performance

Shares of OTCMKTS BKHYY traded down $0.71 during midday trading on Tuesday, hitting $94.45. The stock had a trading volume of 17,916 shares, compared to its average volume of 12,820. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.41. The stock has a 50 day simple moving average of $92.47 and a 200-day simple moving average of $79.14. The company has a market capitalization of $24.91 billion, a PE ratio of 10.84 and a beta of 1.13. Bank Hapoalim has a 1 year low of $47.39 and a 1 year high of $100.1950.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) last issued its earnings results on Wednesday, August 13th. The bank reported $2.68 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.32. The business had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $5.97 billion. Bank Hapoalim had a net margin of 20.12% and a return on equity of 14.53%.

Bank Hapoalim Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were paid a $0.5386 dividend. This is a positive change from Bank Hapoalim's previous dividend of $0.27. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 207.0%. Bank Hapoalim's dividend payout ratio is 25.72%.

Analyst Ratings Changes

Separately, Zacks Research raised Bank Hapoalim to a "hold" rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Bank Hapoalim currently has an average rating of "Hold".

About Bank Hapoalim

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.