Short Interest in BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Decreases By 90.6%

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 1,070 shares, a decrease of 90.6% from the April 30th total of 11,355 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 6,125 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded 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, the stock presently has an average rating of “Buy”.

BOC Hong Kong Stock Performance

BHKLY stock opened at $120.65 on Friday. BOC Hong Kong has a 1-year low of $82.68 and a 1-year high of $127.73. The business has a fifty day moving average price of $113.51 and a 200-day moving average price of $106.87.

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.