Hang Seng Bank Limited (OTCMKTS:HSNGY) Sees Significant Decrease in Short Interest

Hang Seng Bank Limited (OTCMKTS:HSNGY - Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 4,000 shares, a drop of 28.6% from the April 30th total of 5,600 shares. Based on an average daily trading volume, of 6,900 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the company's stock are short sold.

Hang Seng Bank Stock Up 0.6%

Shares of HSNGY traded up $0.08 during midday trading on Tuesday, reaching $13.93. The company had a trading volume of 5,385 shares, compared to its average volume of 8,121. Hang Seng Bank has a 1-year low of $11.25 and a 1-year high of $15.06. The firm has a 50 day simple moving average of $13.41 and a 200-day simple moving average of $12.90.

Hang Seng Bank Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be paid a $0.1476 dividend. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, May 15th.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Hang Seng Bank from a "strong sell" rating to a "hold" rating in a research note on Wednesday, February 19th.

About Hang Seng Bank

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprises, and institutional customers in Hong Kong, the Mainland of China, and internationally. It operates through five segments: Wealth and Personal Banking, Commercial Banking, Global Banking, Global Markets, and Other.