Short Interest in Hang Seng Bank Ltd. (OTCMKTS:HSNGY) Declines By 50.0%

Key Points

• Short interest in Hang Seng Bank Ltd. decreased by 50.0% in August, down to just 100 shares from 200 shares.
• UBS Group downgraded Hang Seng Bank to a "strong sell" rating, contributing to a consensus rating of "Reduce" from analysts.
• The bank recently declared a dividend of $0.1456 per share, representing a remarkable yield of 564.0%, to be paid on September 15th.

Hang Seng Bank Ltd. (OTCMKTS:HSNGY - Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 100 shares, a decrease of 50.0% from the August 15th total of 200 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 13,400 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 13,400 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company's shares are sold short.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered shares of Hang Seng Bank from a "hold" rating to a "strong sell" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Hang Seng Bank currently has a consensus rating of "Reduce".

Hang Seng Bank Stock Down 0.3%

HSNGY traded down $0.05 on Friday, reaching $15.22. 5,270 shares of the company traded hands, compared to its average volume of 6,458. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.74 and a current ratio of 0.74. Hang Seng Bank has a 52-week low of $11.25 and a 52-week high of $16.34. The stock's 50 day moving average price is $14.84 and its 200-day moving average price is $14.17.

Hang Seng Bank Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be paid a $0.1456 dividend. This represents a dividend yield of 564.0%. The ex-dividend date is Thursday, August 14th.

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.

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