Hang Seng Bank Ltd. (OTCMKTS:HSNGY) Short Interest Update

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 recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 100 shares, a decline of 50.0% from the August 15th total of 200 shares. Based on an average daily trading volume, of 13,400 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 13,400 shares, the short-interest ratio is currently 0.0 days.

Hang Seng Bank Trading Up 1.0%

Shares of HSNGY stock traded up $0.15 during mid-day trading on Friday, hitting $15.17. 4,592 shares of the stock traded hands, compared to its average volume of 6,043. The stock's fifty day moving average is $14.85 and its two-hundred day moving average is $14.21. Hang Seng Bank has a 52-week low of $11.25 and a 52-week high of $16.34. 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 Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were given a $0.1456 dividend. This represents a dividend yield of 564.0%. The ex-dividend date of this dividend was Thursday, August 14th.

Analysts Set New Price Targets

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

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.