Short Interest in Hang Seng Bank Limited (OTCMKTS:HSNGY) Decreases By 50.0%

Hang Seng Bank Limited (OTCMKTS:HSNGY) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 200 shares, a decrease of 50.0% from the January 31st total of 400 shares. Based on an average trading volume of 11,100 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Hang Seng Bank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 19th.

Hang Seng Bank Stock Up 1.8 %

Shares of OTCMKTS:HSNGY traded up $0.26 during trading on Friday, hitting $14.22. 5,794 shares of the company’s stock were exchanged, compared to its average volume of 7,008. The firm has a 50-day moving average price of $12.56 and a two-hundred day moving average price of $12.25. Hang Seng Bank has a 1-year low of $10.70 and a 1-year high of $14.81.

Hang Seng Bank Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 7th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.4115 per share. This is a boost from Hang Seng Bank’s previous dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 5th.

Hang Seng Bank Company Profile

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprises, and institutional customers in Hong Kong, the Mainland of China, and internationally. It operates through five segments: Wealth and Personal Banking, Commercial Banking, Global Banking, Global Markets, and Other.