BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Sees Large Increase in Short Interest

Key Points

• Short interest rose 13.6% in April to 13,320 shares (up from 11,729 on March 31), with a days-to-cover ratio of about 1.8 days and short interest still negligible at roughly 0.0% of shares outstanding.
• Goldman Sachs upgraded the stock from "neutral" to "buy," and the consensus rating on MarketBeat currently shows an average of "Buy" (based on one analyst report).
• Shares are trading near their 12‑month high, opening at $114.85 with a 12‑month range of $80.59–$117.31 and positive technicals (50‑day SMA $109.94, 200‑day SMA $104.00).

BOC Hong Kong Ltd. (OTCMKTS:BHKLY - Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 13,320 shares, an increase of 13.6% from the March 31st total of 11,729 shares. Based on an average trading volume of 7,388 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.0% of the company's shares are short sold.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of BOC Hong Kong from a "neutral" rating to a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy".

BOC Hong Kong Price Performance

Shares of BHKLY opened at $114.85 on Friday. BOC Hong Kong has a twelve month low of $80.59 and a twelve month high of $117.31. The company's fifty day simple moving average is $109.94 and its 200-day simple moving average is $104.00.

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.

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