Hang Seng Bank Ltd. (OTCMKTS:HSNGY – Get Free Report) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 920 shares, a growth of 1,177.8% from the December 15th total of 72 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 4,016 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 4,016 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded shares of Hang Seng Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Hang Seng Bank has an average rating of “Reduce”.
Check Out Our Latest Stock Report on HSNGY
Hang Seng Bank Trading Down 0.7%
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.
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