BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) Short Interest Up 111.9% in March

BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 12,500 shares, a growth of 111.9% from the March 15th total of 5,900 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 9,900 shares, the days-to-cover ratio is presently 1.3 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded shares of BOC Hong Kong from a “strong-buy” rating to a “neutral” rating in a research note on Tuesday.

BOC Hong Kong Stock Down 0.9 %

BHKLY stock opened at $75.08 on Friday. The firm’s fifty day moving average is $74.62 and its 200 day moving average is $68.23. BOC Hong Kong has a 52 week low of $55.74 and a 52 week high of $83.52.

About BOC Hong Kong

BOC Hong Kong (Holdings) Limited, an investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally. The company operates through four segments: Personal Banking, Corporate Banking, Treasury, and Insurance. It offers savings, current, and time deposit accounts; mortgage plans; corporate deposits, and payroll and e-cheques services.