BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Sees Significant Decline in Short Interest

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 315 shares, a decline of 64.1% from the September 30th total of 878 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 5,503 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, China Intl Cap raised BOC Hong Kong to a “strong-buy” rating in a research note on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

BOC Hong Kong Trading Up 3.7%

Shares of BHKLY stock opened at $131.24 on Friday. The firm has a 50-day moving average of $129.85 and a 200-day moving average of $118.76. BOC Hong Kong has a one year low of $94.64 and a one year high of $140.00.

BOC Hong Kong Company Profile

BOC Hong Kong (Holdings) Limited is the holding company of Bank of China (Hong Kong) Limited, a major commercial banking group based in Hong Kong. Through its principal subsidiary, the group provides personal and business banking services, including deposits, lending, mortgages, credit cards, wealth management, insurance distribution and payment services.

The group also serves corporate and institutional customers through trade finance, cash management, syndicated lending, investment banking, foreign exchange, treasury and securities-related services.