Bank Hapoalim (OTCMKTS:BKHYY) Sees Significant Growth in Short Interest

Bank Hapoalim (OTCMKTS:BKHYY) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 7,824 shares, an increase of 25.6% from the January 15th total of 6,227 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 7,669 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 7,669 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

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

Bank Hapoalim Trading Down 4.5%

Shares of OTCMKTS:BKHYY opened at $135.08 on Tuesday. The company has a market cap of $35.48 billion, a P/E ratio of 13.66 and a beta of 1.19. The stock’s 50-day moving average is $122.19 and its 200-day moving average is $107.38. Bank Hapoalim has a 52-week low of $64.20 and a 52-week high of $143.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.93.

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

Bank Hapoalim Cuts Dividend

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

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.