Hong Kong Exchanges and Clearing Limited (OTCMKTS:HKXCY) Sees Significant Growth in Short Interest

Hong Kong Exchanges and Clearing Limited (OTCMKTS:HKXCY) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 120,400 shares, a growth of 965.5% from the February 28th total of 11,300 shares. Based on an average daily volume of 517,200 shares, the days-to-cover ratio is currently 0.2 days.

Hong Kong Exchanges and Clearing Price Performance

OTCMKTS:HKXCY traded down $0.03 on Thursday, reaching $45.40. The stock had a trading volume of 337,678 shares, compared to its average volume of 343,993. The firm’s fifty day moving average is $42.80 and its two-hundred day moving average is $39.78. Hong Kong Exchanges and Clearing has a 12-month low of $27.00 and a 12-month high of $51.55.

Hong Kong Exchanges and Clearing Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be issued a $0.6303 dividend. The ex-dividend date is Thursday, March 13th. This is an increase from Hong Kong Exchanges and Clearing’s previous dividend of $0.51. Hong Kong Exchanges and Clearing’s payout ratio is 28.32%.

About Hong Kong Exchanges and Clearing

Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock exchanges and futures exchanges, and related clearing houses in Hong Kong, Mainland China, and the United Kingdom. It operates through Cash, Equity and Financial Derivatives, Commodities, and Data and Connectivity segments.