Bank Hapoalim (OTCMKTS:BKHYY) Sees Large Drop in Short Interest

Bank Hapoalim (OTCMKTS:BKHYY) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 542 shares, a decrease of 92.2% from the July 15th total of 6,907 shares. Based on an average trading volume of 26,833 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Bank Hapoalim Stock Up 2.4%

OTCMKTS BKHYY traded up $3.02 during trading hours on Tuesday, hitting $126.56. 3,078 shares of the company traded hands, compared to its average volume of 15,531. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50-day moving average is $118.24 and its 200-day moving average is $125.18. The stock has a market capitalization of $33.10 billion, a price-to-earnings ratio of 11.73 and a beta of 1.21. Bank Hapoalim has a twelve month low of $89.15 and a twelve month high of $146.00.

Bank Hapoalim (OTCMKTS:BKHYY) last posted its quarterly earnings results on Tuesday, August 11th. The bank reported $3.21 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.20. Bank Hapoalim had a return on equity of 14.38% and a net margin of 22.10%.

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.