HDFC Bank Limited (NYSE:HDB) Sees Large Growth in Short Interest

HDFC Bank Limited (NYSE:HDB) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 18,950,000 shares, an increase of 9.2% from the November 30th total of 17,360,000 shares. Based on an average daily volume of 2,770,000 shares, the short-interest ratio is presently 6.8 days.

Institutional Investors Weigh In On HDFC Bank

Several institutional investors have recently modified their holdings of HDB. Pin Oak Investment Advisors Inc. boosted its holdings in shares of HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after buying an additional 254 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of HDFC Bank during the third quarter worth about $38,000. JFS Wealth Advisors LLC increased its position in shares of HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after purchasing an additional 275 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in shares of HDFC Bank in the 3rd quarter valued at about $65,000. Finally, GAMMA Investing LLC lifted its holdings in shares of HDFC Bank by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after purchasing an additional 312 shares during the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Trading Down 0.4 %

HDB traded down $0.28 on Wednesday, hitting $63.86. The company had a trading volume of 1,640,602 shares, compared to its average volume of 2,970,594. The company’s fifty day moving average price is $64.91 and its 200 day moving average price is $62.83. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank has a 1 year low of $52.16 and a 1 year high of $68.50. The firm has a market cap of $161.71 billion, a P/E ratio of 19.41, a PEG ratio of 1.79 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.09. The business had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. As a group, equities analysts expect that HDFC Bank will post 3.15 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

About HDFC Bank

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.