Bank Hapoalim (OTCMKTS:BKHYY) Short Interest Update

Bank Hapoalim (OTCMKTS:BKHYY) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 653 shares, a drop of 89.5% from the February 26th total of 6,196 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 65,953 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 65,953 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Bank Hapoalim Stock Performance

Shares of Bank Hapoalim stock opened at $121.12 on Wednesday. The firm’s fifty day simple moving average is $127.44 and its 200-day simple moving average is $113.39. Bank Hapoalim has a 12 month low of $65.67 and a 12 month high of $143.25. The stock has a market capitalization of $31.80 billion, a price-to-earnings ratio of 11.29 and a beta of 1.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.93 and a quick ratio of 0.93.

Bank Hapoalim (OTCMKTS:BKHYY) last issued its quarterly earnings results on Wednesday, March 4th. The bank reported $2.41 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.51). The business had revenue of $1.76 billion for the quarter. Bank Hapoalim had a return on equity of 15.44% and a net margin of 22.63%.

Analysts Set New Price Targets

Separately, Barclays downgraded Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

About Bank Hapoalim

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.