Short Interest in Hang Seng Bank Limited (OTCMKTS:HSNGY) Rises By 150.0%

Hang Seng Bank Limited (OTCMKTS:HSNGY) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 1,000 shares, a growth of 150.0% from the February 28th total of 400 shares. Based on an average daily volume of 11,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Hang Seng Bank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 19th.

Hang Seng Bank Trading Down 1.5 %

Shares of OTCMKTS:HSNGY traded down $0.21 during trading on Friday, hitting $13.55. 4,621 shares of the company were exchanged, compared to its average volume of 6,711. Hang Seng Bank has a 52-week low of $10.88 and a 52-week high of $15.06. The stock has a 50 day moving average of $13.23 and a 200 day moving average of $12.51.

Hang Seng Bank Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, April 7th. Shareholders of record on Wednesday, March 5th will be paid a $0.4115 dividend. The ex-dividend date is Wednesday, March 5th. This is an increase from Hang Seng Bank’s previous dividend of $0.14.

Hang Seng Bank Company Profile

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprises, and institutional customers in Hong Kong, the Mainland of China, and internationally. It operates through five segments: Wealth and Personal Banking, Commercial Banking, Global Banking, Global Markets, and Other.