Short Interest in Bank Hapoalim (OTCMKTS:BKHYY) Grows By 292.6%

Bank Hapoalim (OTCMKTS:BKHYY) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 6,196 shares, an increase of 292.6% from the February 12th total of 1,578 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 11,874 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 11,874 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Barclays lowered Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Bank Hapoalim Stock Performance

BKHYY opened at $128.17 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $33.66 billion, a price-to-earnings ratio of 11.95 and a beta of 1.19. The company has a fifty day moving average of $126.50 and a 200 day moving average of $111.60. Bank Hapoalim has a fifty-two week low of $64.20 and a fifty-two week high of $143.25.

Bank Hapoalim (OTCMKTS:BKHYY) last announced its quarterly earnings results on Wednesday, March 4th. The bank reported $2.41 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.51). Bank Hapoalim had a return on equity of 15.44% and a net margin of 22.63%.The company had revenue of $1.76 billion during the quarter.

Bank Hapoalim Company Profile

Bank Hapoalim B.M. is one of Israel’s largest banking groups, providing a broad range of financial services to retail, corporate and institutional customers. Founded in 1921 by the Histadrut labor federation, the bank has developed into a full-service financial institution offering deposit accounts, consumer and mortgage lending, credit cards, payment services, and branch-based retail banking. It also serves small and medium-sized enterprises with working capital and trade finance solutions.

In addition to traditional retail banking, Bank Hapoalim operates significant corporate and investment banking divisions.