Short Interest in BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Drops By 90.6%

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 1,070 shares, a decline of 90.6% from the April 30th total of 11,355 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 6,125 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of BOC Hong Kong from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

BOC Hong Kong Stock Up 1.6%

BOC Hong Kong stock opened at $121.58 on Thursday. BOC Hong Kong has a 52-week low of $82.68 and a 52-week high of $127.73. The company has a fifty day simple moving average of $113.22 and a 200-day simple moving average of $106.72.

BOC Hong Kong Company Profile

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.