BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Short Interest Update

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 3,412 shares, a decline of 74.8% from the June 30th total of 13,538 shares. Based on an average daily volume of 9,722 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised BOC Hong Kong from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

BOC Hong Kong Stock Performance

Shares of BHKLY stock opened at $130.12 on Monday. BOC Hong Kong has a 52 week low of $88.96 and a 52 week high of $130.37. The stock’s fifty day moving average is $118.91 and its 200-day moving average is $112.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.68 and a current ratio of 0.68.

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.