Bank Hapoalim (OTCMKTS:BKHYY) Short Interest Down 65.4% in January

Bank Hapoalim (OTCMKTS:BKHYY) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 6,227 shares, a decline of 65.4% from the December 31st total of 18,020 shares. Based on an average trading volume of 7,924 shares, the short-interest ratio is currently 0.8 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 7,924 shares, the short-interest ratio is currently 0.8 days.

Bank Hapoalim Stock Performance

Shares of OTCMKTS:BKHYY opened at $124.91 on Wednesday. The firm has a 50 day moving average of $116.14 and a 200 day moving average of $103.98. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $32.85 billion, a price-to-earnings ratio of 12.63 and a beta of 1.16. Bank Hapoalim has a 52 week low of $64.20 and a 52 week high of $130.84.

Bank Hapoalim (OTCMKTS:BKHYY) last announced its earnings results on Thursday, November 20th. The bank reported $2.68 earnings per share (EPS) for the quarter. The business had revenue of $1.99 billion for the quarter. Bank Hapoalim had a return on equity of 14.60% and a net margin of 21.60%.

Bank Hapoalim Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, December 2nd were issued a $0.9362 dividend. The ex-dividend date was Monday, December 1st. This represents a yield of 266.0%. Bank Hapoalim’s payout ratio is currently 38.62%.

Wall Street Analyst Weigh In

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

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.