Hang Seng Bank Ltd. (OTCMKTS:HSNGY) Sees Significant Drop in Short Interest

Hang Seng Bank Ltd. (OTCMKTS:HSNGY) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 109 shares, a drop of 88.2% from the December 31st total of 920 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 18,362 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 18,362 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Hang Seng Bank Stock Performance

HSNGY traded up $0.06 during trading on Thursday, reaching $19.51. 7,246 shares of the company were exchanged, compared to its average volume of 9,505. The company’s 50-day moving average is $19.58 and its two-hundred day moving average is $17.47. Hang Seng Bank has a 12-month low of $11.76 and a 12-month high of $20.25.

About Hang Seng Bank

Hang Seng Bank is a Hong Kong-based banking group that provides a broad range of financial services to retail, commercial and institutional customers. Founded in 1933, the bank has grown into one of the region’s prominent lenders and is majority-owned by the HSBC Group. Hang Seng offers traditional banking functions alongside specialized services tailored to personal and corporate clients.

Core businesses include retail banking and wealth management, commercial and corporate banking, private banking, and treasury and markets.