HSBC Holdings plc (NYSE:HSBC) saw a large increase in short interest in the month of December. As of December 29th, there was short interest totalling 5,029,122 shares, an increase of 61.7% from the December 15th total of 3,110,222 shares. Based on an average daily volume of 2,287,752 shares, the days-to-cover ratio is presently 2.2 days.

Institutional investors have recently modified their holdings of the company. Capital Bank & Trust Co boosted its position in shares of HSBC by 4.5% during the 3rd quarter. Capital Bank & Trust Co now owns 64,654 shares of the financial services provider’s stock valued at $3,195,000 after acquiring an additional 2,805 shares in the last quarter. Quantum Capital Management acquired a new position in HSBC in the third quarter valued at about $212,000. Dimensional Fund Advisors LP boosted its position in HSBC by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 13,310,658 shares of the financial services provider’s stock valued at $617,481,000 after buying an additional 99,537 shares in the last quarter. Assetmark Inc. boosted its position in HSBC by 88.4% in the second quarter. Assetmark Inc. now owns 170,972 shares of the financial services provider’s stock valued at $7,931,000 after buying an additional 80,244 shares in the last quarter. Finally, Athos Capital Ltd acquired a new position in HSBC in the third quarter valued at about $1,973,000. Institutional investors and hedge funds own 2.24% of the company’s stock.

Several research analysts have recently issued reports on the stock. Goldman Sachs Group restated a “neutral” rating on shares of HSBC in a report on Tuesday, December 5th. Macquarie assumed coverage on shares of HSBC in a report on Wednesday, November 29th. They set an “outperform” rating on the stock. UBS Group restated a “neutral” rating on shares of HSBC in a report on Wednesday, November 29th. JPMorgan Chase & Co. restated a “neutral” rating on shares of HSBC in a report on Friday, November 24th. Finally, BidaskClub upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $31.50.

Shares of HSBC (HSBC) opened at $54.83 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. HSBC has a 12-month low of $39.63 and a 12-month high of $54.88. The firm has a market cap of $217,300.00, a PE ratio of 40.02, a PEG ratio of 2.64 and a beta of 0.93.

HSBC (NYSE:HSBC) last issued its earnings results on Monday, October 30th. The financial services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.20). analysts anticipate that HSBC will post 3.07 earnings per share for the current year.

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About HSBC

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

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