Hang Seng Bank Short Interest Ratio and Short Volume

Short interest is the volume of Hang Seng Bank shares that have been sold short but have not yet been covered or closed out. As of May 28th, traders have sold 4,200 shares of HSNGY short.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. Hang Seng Bank currently has a short interest ratio of 1.0.

Hang Seng Bank saw a increase in short interest in the month of May. As of May 28th, there was short interest totaling 4,200 shares, an increase of 1,300.0% from the previous total of 300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

0.00% of Hang Seng Bank's shares are currently sold short. Here is how the short interest of companies in the industry of "commercial banks, not elsewhere classified" compare to Hang Seng Bank: Royal Bank of Canada (0.00%), HDFC Bank Limited (0.00%), Commonwealth Bank of Australia (0.00%), The Toronto-Dominion Bank (0.00%), BNP Paribas SA (0.00%), Mitsubishi UFJ Financial Group, Inc. (0.07%), Westpac Banking Co. (0.01%), Banco Santander, S.A. (0.00%), Bank of Montreal (0.67%), and Australia and New Zealand Banking Group Limited (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Tesla, Inc. ($25.04 billion), AstraZeneca PLC ($7.50 billion), Aon plc ($7.09 billion), Square, Inc. ($6.95 billion), Analog Devices, Inc. ($6.90 billion), Advanced Micro Devices, Inc. ($6.79 billion), Charter Communications, Inc. ($6.18 billion), S&P Global Inc. ($5.54 billion), Sea Limited ($4.96 billion), and Wayfair Inc. ($4.25 billion). View all of the most shorted stocks.

Short selling HSNGY is an investing strategy that aims to generate trading profit from Hang Seng Bank as its price is falling. Hang Seng Bank's stock is trading up $0.05 today. To short Hang Seng Bank stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that Hang Seng Bank will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Hang Seng Bank occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of HSNGY, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including HSNGY, twice per month. The most recent reporting period available is May, 28 2021.