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

BOC Hong Kong Ltd. (OTCMKTS:BHKLY – Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 1,061 shares, an increase of 236.8% from the October 15th total of 315 shares. Based on an average daily trading volume, of 6,826 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

BOC Hong Kong Trading Down 1.2%

OTCMKTS BHKLY opened at $128.85 on Friday. The business’s fifty day moving average is $129.28 and its 200 day moving average is $119.89. BOC Hong Kong has a fifty-two week low of $94.64 and a fifty-two week high of $140.00.

Analysts Set New Price Targets

Separately, China Intl Cap upgraded shares of BOC Hong Kong to a “strong-buy” rating in a research report on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Check Out Our Latest Report on BOC Hong Kong

About BOC Hong Kong

(Get Free Report)

BOC Hong Kong (Holdings) Limited is a banking and financial services group whose principal subsidiary is Bank of China (Hong Kong) Limited. The bank was formed in 2001 through the consolidation of Bank of China Group’s banking operations in Hong Kong and became a subsidiary of the holding company after its establishment in 2002. The group provides personal and commercial banking services, including deposits, loans, mortgages, credit cards, wealth management and trade finance. It also offers insurance, securities, investment and treasury services to individual, corporate and institutional customers.

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