BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Sees Significant Growth in Short Interest

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,751 shares, an increase of 63.6% from the May 14th total of 1,070 shares. Based on an average daily volume of 4,429 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are sold short.

BOC Hong Kong Price Performance

OTCMKTS BHKLY opened at $123.95 on Tuesday. The company’s 50-day simple moving average is $116.94 and its 200 day simple moving average is $108.65. BOC Hong Kong has a twelve month low of $86.12 and a twelve month high of $127.73.

Analyst Upgrades and Downgrades

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