BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Short Interest Update

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 13,538 shares, an increase of 140.3% from the June 15th total of 5,633 shares. Based on an average daily volume of 7,152 shares, the short-interest ratio is presently 1.9 days. Currently, 0.0% of the shares of the company are sold short.

BOC Hong Kong Stock Performance

BHKLY stock opened at $117.37 on Wednesday. The firm has a 50 day moving average of $118.30 and a 200-day moving average of $111.42. BOC Hong Kong has a 12 month low of $88.94 and a 12 month high of $128.00.

Wall Street Analysts Forecast Growth

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

BOC Hong Kong Company Profile

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.