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

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 3,412 shares, a decline of 74.8% from the June 30th total of 13,538 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 9,722 shares, the short-interest ratio is presently 0.4 days.

BOC Hong Kong Price Performance

OTCMKTS BHKLY opened at $130.12 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.68 and a quick ratio of 0.68. BOC Hong Kong has a fifty-two week low of $88.96 and a fifty-two week high of $130.37. The business has a fifty day moving average of $118.91 and a 200-day moving average of $112.42.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of BOC Hong Kong from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, BOC Hong Kong currently has a consensus rating of “Buy”.

BOC Hong Kong Company Profile

BOC Hong Kong (OTCMKTS: BHKLY) is a Hong Kong-based banking group that operates as the Hong Kong subsidiary of Bank of China. The group is a licensed bank and one of the territory’s note-issuing banks, participating in the issuance of Hong Kong dollar banknotes. It provides a broad range of banking and financial services to retail, corporate and institutional clients, positioning itself as a major participant in Hong Kong’s financial services sector.

BOC Hong Kong’s businesses include retail banking services such as deposit accounts, mortgages, personal loans and credit cards, together with wealth management and private banking solutions.