BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Short Interest Up 63.6% in May

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,751 shares, a growth of 63.6% from the May 14th total of 1,070 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 4,429 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised BOC Hong Kong from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

BOC Hong Kong Stock Down 0.2%

Shares of BHKLY stock opened at $123.73 on Wednesday. BOC Hong Kong has a 12-month low of $86.12 and a 12-month high of $127.73. The business’s fifty day simple moving average is $117.20 and its 200-day simple moving average is $108.83.

About BOC Hong Kong

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.