BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Short Interest Down 74.8% in July

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 3,412 shares, a decrease of 74.8% from the June 30th total of 13,538 shares. Based on an average daily volume of 9,722 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

BOC Hong Kong Stock Performance

Shares of BHKLY opened at $131.16 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average is $119.22 and its two-hundred day moving average is $112.70. BOC Hong Kong has a twelve month low of $88.96 and a twelve month high of $131.58.

Wall Street Analysts Forecast Growth

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

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.