BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Sees Significant Decrease in Short Interest

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 3,412 shares, a decline of 74.8% from the June 30th total of 13,538 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 9,722 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of BOC Hong Kong from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

BOC Hong Kong Stock Performance

BHKLY opened at $130.12 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.68 and a current ratio of 0.68. The business has a 50-day moving average of $118.91 and a two-hundred day moving average of $112.42. BOC Hong Kong has a 12 month low of $88.96 and a 12 month high of $130.37.

About BOC Hong Kong

BOC Hong Kong (OTCMKTS: BHKLY) is a Hong Kong-based banking group that operates as the Hong Kong subsidiary of Bank of China. The group is a licensed bank and one of the territory’s note-issuing banks, participating in the issuance of Hong Kong dollar banknotes. It provides a broad range of banking and financial services to retail, corporate and institutional clients, positioning itself as a major participant in Hong Kong’s financial services sector.

BOC Hong Kong’s businesses include retail banking services such as deposit accounts, mortgages, personal loans and credit cards, together with wealth management and private banking solutions.