Hang Seng Bank Limited (OTCMKTS:HSNGY) Short Interest Update

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

Hang Seng Bank Price Performance

Shares of HSNGY traded up $0.26 during trading hours on Friday, hitting $14.22. The company had a trading volume of 5,794 shares, compared to its average volume of 7,008. The firm has a fifty day moving average price of $12.56 and a 200-day moving average price of $12.24. Hang Seng Bank has a 52-week low of $10.70 and a 52-week high of $14.81.

Hang Seng Bank Increases Dividend

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

Analyst Ratings Changes

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

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.