Short Interest in BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Drops By 90.6%

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,070 shares, a decrease of 90.6% from the April 30th total of 11,355 shares. Based on an average daily volume of 6,125 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

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

BOC Hong Kong Price Performance

Shares of BHKLY opened at $121.58 on Thursday. BOC Hong Kong has a 12-month low of $82.68 and a 12-month high of $127.73. The firm has a 50-day moving average price of $113.22 and a 200 day moving average price of $106.72.

BOC Hong Kong Company Profile

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.