Hang Seng Bank Ltd. (OTCMKTS:HSNGY) Sees Significant Decline in Short Interest

Key Points

• Hang Seng Bank Ltd. saw a significant decline in short interest in July, with a drop of 10.0% to 900 shares compared to 1,000 shares in June.
• The bank recently declared a dividend of $0.1476 per share, yielding approximately 5.7%, reflecting the company's income distribution strategy amid changing market conditions.
• As of the latest report, Hang Seng Bank's stock is currently down 0.5% and has a 52-week trading range between $11.25 and $16.34.

Hang Seng Bank Ltd. (OTCMKTS:HSNGY - Get Free Report) saw a large decline in short interest in July. As of July 15th, there was short interest totalling 900 shares, a decline of 10.0% from the June 30th total of 1,000 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,900 shares, the short-interest ratio is presently 0.1 days.

Hang Seng Bank Price Performance

Shares of HSNGY traded down $0.92 during mid-day trading on Wednesday, reaching $14.62. The company had a trading volume of 2,368 shares, compared to its average volume of 4,774. The company's 50-day moving average is $14.82 and its 200-day moving average is $13.75. Hang Seng Bank has a twelve month low of $11.25 and a twelve month high of $16.34. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.19.

Hang Seng Bank Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 16th were issued a dividend of $0.1476 per share. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend was 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.