Bank Hapoalim (OTCMKTS:BKHYY) Stock Short Interest Climbs 2,195.9%

Bank Hapoalim (OTCMKTS:BKHYY) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 45,758 shares, an increase of 2,195.9% from the August 31st total of 1,993 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 33,986 shares, the short-interest ratio is presently 1.3 days.

Bank Hapoalim Stock Performance

Shares of Bank Hapoalim stock traded down $1.18 on Thursday, reaching $128.89. 5,145 shares of the stock were exchanged, compared to its average volume of 14,673. The firm has a market capitalization of $33.65 billion, a PE ratio of 11.39 and a beta of 1.20. Bank Hapoalim has a 1-year low of $92.28 and a 1-year high of $146.00. The business has a fifty day moving average price of $127.49 and a two-hundred day moving average price of $125.75. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.66.

Bank Hapoalim (OTCMKTS:BKHYY) last announced its quarterly earnings data on Tuesday, August 11th. The bank reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.20. Bank Hapoalim had a net margin of 22.88% and a return on equity of 14.65%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $6.13 billion.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised Bank Hapoalim from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Bank Hapoalim currently has an average rating of “Buy”.

About Bank Hapoalim

Bank Hapoalim B.M. is one of Israel’s largest banking institutions, serving individual, business, corporate and institutional customers. The bank provides a broad range of financial services, including deposit accounts, consumer and commercial lending, mortgages, payment cards, foreign-currency services and digital banking.

Its business also includes corporate and investment banking, capital-markets services, asset management, private banking and wealth-management solutions. Bank Hapoalim serves customers through a network of branches and digital channels in Israel, while its international activities are conducted through subsidiaries and representative operations serving selected global markets.

Established in 1921, the bank has played a longstanding role in Israel’s financial system.