BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Stock Short Interest Drops 87.3%

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 58 shares, a decline of 87.3% from the August 31st total of 458 shares. Based on an average trading volume of 2,845 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

BOC Hong Kong Stock Performance

Shares of BHKLY remained flat at $131.75 during midday trading on Friday. The stock had a trading volume of 1,341 shares, compared to its average volume of 1,667. BOC Hong Kong has a 12-month low of $92.52 and a 12-month high of $140.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average is $129.88 and its 200-day moving average is $120.03.

Wall Street Analysts Forecast Growth

Separately, China Intl Cap raised BOC Hong Kong to a “strong-buy” rating in a report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

About BOC Hong Kong

BOC Hong Kong (Holdings) Limited is a financial services holding company whose principal operating subsidiary is Bank of China (Hong Kong) Limited. The group provides commercial and retail banking services to individuals, businesses, corporations and institutional clients, with Hong Kong as its primary market.

Its services include deposit accounts, personal and commercial loans, mortgages, credit cards, payment and remittance services, wealth management, investment products, insurance distribution, foreign exchange and treasury services.