Short Interest in BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Decreases By 63.5%

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,247 shares, a decline of 63.5% from the July 15th total of 3,412 shares. Based on an average trading volume of 5,038 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

BOC Hong Kong Stock Up 3.5%

BHKLY opened at $131.46 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.24. BOC Hong Kong has a 1-year low of $88.96 and a 1-year high of $134.62. The firm’s 50 day simple moving average is $121.80 and its two-hundred day simple moving average is $115.35.

Wall Street Analysts Forecast Growth

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

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.