Hang Seng Bank Limited (OTCMKTS:HSNGY) Sees Large Decline in Short Interest

Hang Seng Bank Limited (OTCMKTS:HSNGY) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 200 shares, a drop of 50.0% from the January 31st total of 400 shares. Based on an average daily volume of 11,100 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Hang Seng Bank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 19th.

Hang Seng Bank Stock Performance

OTCMKTS HSNGY traded up $0.26 on Friday, hitting $14.22. The stock had a trading volume of 5,794 shares, compared to its average volume of 7,008. The firm has a 50-day moving average of $12.56 and a 200-day moving average of $12.24. Hang Seng Bank has a 52-week low of $10.70 and a 52-week high of $14.81.

Hang Seng Bank Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, April 7th. Investors of record on Wednesday, March 5th will be given a $0.4115 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This is an increase from Hang Seng Bank’s previous dividend of $0.14.

Hang Seng Bank Company Profile

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.