Hang Seng Bank Limited (OTCMKTS:HSNGY) Short Interest Down 85.0% in May

Hang Seng Bank Limited (OTCMKTS:HSNGY - Get Free Report) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 600 shares, a decline of 85.0% from the May 15th total of 4,000 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 12,900 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

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

Hang Seng Bank Stock Performance

OTCMKTS:HSNGY traded down $0.11 on Friday, reaching $14.61. The stock had a trading volume of 2,658 shares, compared to its average volume of 7,857. Hang Seng Bank has a 12-month low of $11.25 and a 12-month high of $15.06. The company has a 50-day moving average of $13.60 and a 200 day moving average of $13.03.

Hang Seng Bank Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.1476 per share. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, May 15th.

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.