BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Sees Significant Increase in Short Interest

BOC Hong Kong Ltd. (OTCMKTS:BHKLY – Get Free Report) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 13,538 shares, a growth of 140.3% from the June 15th total of 5,633 shares. Based on an average trading volume of 7,152 shares, the short-interest ratio is presently 1.9 days. Approximately 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded BOC Hong Kong from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

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BOC Hong Kong Price Performance

Shares of OTCMKTS BHKLY opened at $118.06 on Tuesday. BOC Hong Kong has a 1 year low of $88.94 and a 1 year high of $128.00. The firm has a 50-day moving average of $118.23 and a 200 day moving average of $111.31.

About BOC Hong Kong

(Get Free Report)

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.

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