BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Stock Short Interest Declines 64.1%

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 315 shares, a drop of 64.1% from the September 30th total of 878 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 5,503 shares, the short-interest ratio is currently 0.1 days.

BOC Hong Kong Trading Up 7.0%

Shares of BHKLY stock traded up $8.88 during trading hours on Friday, hitting $135.38. The company had a trading volume of 550 shares, compared to its average volume of 3,603. The firm’s fifty day moving average is $129.77 and its 200 day moving average is $118.61. BOC Hong Kong has a 12 month low of $94.64 and a 12 month high of $140.00.

Wall Street Analysts Forecast Growth

Separately, China Intl Cap upgraded BOC Hong Kong to a “strong-buy” rating in a research note on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

BOC Hong Kong Company Profile

BOC Hong Kong (Holdings) Limited is the holding company of Bank of China (Hong Kong) Limited, a major commercial banking group based in Hong Kong. Through its principal subsidiary, the group provides personal and business banking services, including deposits, lending, mortgages, credit cards, wealth management, insurance distribution and payment services.

The group also serves corporate and institutional customers through trade finance, cash management, syndicated lending, investment banking, foreign exchange, treasury and securities-related services.