Bank Hapoalim (OTCMKTS:BKHYY) Shares Shorted: Short Interest Up 2,195.9% in September

Bank Hapoalim (OTCMKTS:BKHYY) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 45,758 shares, an increase of 2,195.9% from the August 31st total of 1,993 shares. Based on an average trading volume of 33,986 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the shares of the stock are short sold.

Bank Hapoalim Price Performance

BKHYY traded down $1.18 on Thursday, hitting $128.89. 5,145 shares of the company were exchanged, compared to its average volume of 14,673. Bank Hapoalim has a fifty-two week low of $92.28 and a fifty-two week high of $146.00. 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 firm has a market capitalization of $33.65 billion, a P/E ratio of 11.39 and a beta of 1.20. The business’s fifty day moving average is $127.49 and its 200 day moving average is $125.75.

Bank Hapoalim (OTCMKTS:BKHYY) last posted its quarterly earnings results on Tuesday, August 11th. The bank reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.20. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $6.13 billion. Bank Hapoalim had a net margin of 22.88% and a return on equity of 14.65%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of Bank Hapoalim from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.

About Bank Hapoalim

Bank Hapoalim B.M. is one of Israel’s largest banking institutions, serving individual, business, corporate and institutional customers. The bank provides a broad range of financial services, including deposit accounts, consumer and commercial lending, mortgages, payment cards, foreign-currency services and digital banking.

Its business also includes corporate and investment banking, capital-markets services, asset management, private banking and wealth-management solutions. Bank Hapoalim serves customers through a network of branches and digital channels in Israel, while its international activities are conducted through subsidiaries and representative operations serving selected global markets.

Established in 1921, the bank has played a longstanding role in Israel’s financial system.