Bank Hapoalim (OTCMKTS:BKHYY) Short Interest Down 65.4% in January

Bank Hapoalim (OTCMKTS:BKHYY) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 6,227 shares, a decrease of 65.4% from the December 31st total of 18,020 shares. Based on an average trading volume of 7,924 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 7,924 shares, the short-interest ratio is presently 0.8 days.

Analysts Set New Price Targets

Separately, Barclays downgraded Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Bank Hapoalim Trading Up 1.2%

Shares of Bank Hapoalim stock opened at $124.91 on Wednesday. The firm’s 50 day simple moving average is $116.14 and its two-hundred day simple moving average is $103.98. The firm has a market capitalization of $32.85 billion, a price-to-earnings ratio of 12.63 and a beta of 1.16. Bank Hapoalim has a 12-month low of $64.20 and a 12-month high of $130.84. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52.

Bank Hapoalim (OTCMKTS:BKHYY) last announced its quarterly earnings data on Thursday, November 20th. The bank reported $2.68 earnings per share for the quarter. Bank Hapoalim had a net margin of 21.60% and a return on equity of 14.60%. The firm had revenue of $1.99 billion for the quarter.

Bank Hapoalim Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, December 2nd were issued a $0.9362 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a dividend yield of 266.0%. Bank Hapoalim’s dividend payout ratio is currently 38.62%.

Bank Hapoalim Company Profile

Bank Hapoalim B.M. is one of Israel’s largest banking groups, providing a broad range of financial services to retail, corporate and institutional customers. Founded in 1921 by the Histadrut labor federation, the bank has developed into a full-service financial institution offering deposit accounts, consumer and mortgage lending, credit cards, payment services, and branch-based retail banking. It also serves small and medium-sized enterprises with working capital and trade finance solutions.

In addition to traditional retail banking, Bank Hapoalim operates significant corporate and investment banking divisions.