Short Interest in Bank Hapoalim (OTCMKTS:BKHYY) Increases By 292.6%

Bank Hapoalim (OTCMKTS:BKHYY) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 6,196 shares, an increase of 292.6% from the February 12th total of 1,578 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 11,874 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 11,874 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered 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, According to MarketBeat, Bank Hapoalim presently has an average rating of “Hold”.

Bank Hapoalim Stock Up 1.6%

BKHYY stock opened at $128.65 on Thursday. The firm has a market cap of $33.79 billion, a PE ratio of 11.99 and a beta of 1.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.93. The firm’s fifty day moving average is $126.29 and its 200 day moving average is $111.49. Bank Hapoalim has a one year low of $64.20 and a one year high of $143.25.

Bank Hapoalim (OTCMKTS:BKHYY) last issued its quarterly earnings data on Wednesday, March 4th. The bank reported $2.41 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.51). Bank Hapoalim had a return on equity of 15.44% and a net margin of 22.63%.The firm had revenue of $1.76 billion during the quarter.

Bank Hapoalim Company Profile

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.