Bank Hapoalim (OTCMKTS:BKHYY) Sees Significant Growth in Short Interest

Bank Hapoalim (OTCMKTS:BKHYY) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 7,824 shares, a growth of 25.6% from the January 15th total of 6,227 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 7,669 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 7,669 shares, the short-interest ratio is presently 1.0 days. Approximately 0.0% of the company’s shares are short sold.

Bank Hapoalim Stock Performance

Shares of BKHYY opened at $135.08 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.52. The stock has a market cap of $35.48 billion, a P/E ratio of 13.66 and a beta of 1.19. The business’s 50 day moving average price is $121.80 and its 200-day moving average price is $107.10. Bank Hapoalim has a 52 week low of $64.20 and a 52 week high of $143.25.

Bank Hapoalim (OTCMKTS:BKHYY) last announced its quarterly earnings data on Thursday, November 20th. The bank reported $2.68 earnings per share (EPS) for the quarter. Bank Hapoalim had a return on equity of 14.60% and a net margin of 21.60%.The business had revenue of $1.99 billion during the quarter.

Bank Hapoalim Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.9362 per share. This represents a yield of 266.0%. The ex-dividend date was Monday, December 1st. Bank Hapoalim’s dividend payout ratio (DPR) is currently 38.62%.

Analysts Set New Price Targets

Separately, Barclays downgraded Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Bank Hapoalim presently has an average rating of “Hold”.

About Bank Hapoalim

Bank Hapoalim B.M. is one of Israel’s largest banking groups, providing a broad range of financial services to retail, corporate and institutional customers. Founded in 1921 by the Histadrut labor federation, the bank has developed into a full-service financial institution offering deposit accounts, consumer and mortgage lending, credit cards, payment services, and branch-based retail banking. It also serves small and medium-sized enterprises with working capital and trade finance solutions.

In addition to traditional retail banking, Bank Hapoalim operates significant corporate and investment banking divisions.