Hang Seng Bank Limited (OTCMKTS:HSNGY) Short Interest Update

Hang Seng Bank Limited (OTCMKTS:HSNGY) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 1,000 shares, a growth of 150.0% from the February 28th total of 400 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Hang Seng Bank from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 19th.

Hang Seng Bank Stock Down 1.5 %

Shares of HSNGY traded down $0.21 during trading hours on Friday, reaching $13.55. 4,621 shares of the stock traded hands, compared to its average volume of 6,711. Hang Seng Bank has a 52 week low of $10.88 and a 52 week high of $15.06. The stock has a fifty day simple moving average of $13.23 and a 200 day simple moving average of $12.51.

Hang Seng Bank Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 5th will be issued a $0.4115 dividend. The ex-dividend date is Wednesday, March 5th. This is a positive change from Hang Seng Bank’s previous dividend of $0.14.

Hang Seng Bank Company Profile

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprises, and institutional customers in Hong Kong, the Mainland of China, and internationally. It operates through five segments: Wealth and Personal Banking, Commercial Banking, Global Banking, Global Markets, and Other.