HDFC Bank Limited (NYSE:HDB – Get Free Report) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 19,210,000 shares, an increase of 28.1% from the February 13th total of 15,000,000 shares. Based on an average daily volume of 2,570,000 shares, the short-interest ratio is presently 7.5 days. Currently, 0.8% of the shares of the stock are sold short.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.
Get Our Latest Stock Analysis on HDFC Bank
Institutional Trading of HDFC Bank
HDFC Bank Stock Performance
Shares of NYSE:HDB opened at $62.36 on Wednesday. The company’s 50 day simple moving average is $60.01 and its 200 day simple moving average is $62.44. The stock has a market capitalization of $157.91 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. HDFC Bank has a 1 year low of $54.07 and a 1 year high of $68.50.
HDFC Bank (NYSE:HDB – Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, research analysts predict that HDFC Bank will post 3.03 EPS for the current fiscal year.
HDFC Bank Company Profile
HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.
Read More
- Five stocks we like better than HDFC Bank
- Insider Trading – What You Need to Know
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
- What Does Downgrade Mean in Investing?
- 3 Must-Own Stocks to Build Wealth This Decade
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Advanced Micro Devices Eyes AI Market Growth—Is AMD a Buy?
Receive News & Ratings for HDFC Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank and related companies with MarketBeat.com's FREE daily email newsletter.