Hong Kong Exchanges and Clearing Limited (OTCMKTS:HKXCY) Shares Shorted: Short Interest Down 88.6% in September

Hong Kong Exchanges and Clearing Limited (OTCMKTS:HKXCY) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 21,276 shares, a decrease of 88.6% from the September 15th total of 186,670 shares. Based on an average trading volume of 232,864 shares, the short-interest ratio is presently 0.1 days.

Hong Kong Exchanges and Clearing Stock Performance

HKXCY stock traded up $0.39 during midday trading on Friday, hitting $48.48. 78,879 shares of the stock were exchanged, compared to its average volume of 136,433. The stock’s 50-day moving average price is $51.19 and its 200-day moving average price is $50.90. Hong Kong Exchanges and Clearing has a fifty-two week low of $45.74 and a fifty-two week high of $57.37.

Hong Kong Exchanges and Clearing (OTCMKTS:HKXCY) last released its quarterly earnings results on Wednesday, August 19th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.05. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.01 billion.

About Hong Kong Exchanges and Clearing

Hong Kong Exchanges and Clearing Limited (HKEX) operates the financial-market infrastructure of Hong Kong. The company owns and operates the Stock Exchange of Hong Kong, Hong Kong Futures Exchange and Hong Kong Securities Clearing Company, providing trading, clearing, settlement and market data services across multiple asset classes.

HKEX supports markets for equities, exchange-traded funds, warrants, initial public offerings, equity derivatives, interest-rate and currency products, and commodities.