BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Shares Shorted: Short Interest Down 87.3% in September

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 58 shares, a drop of 87.3% from the August 31st total of 458 shares. Based on an average daily volume of 2,845 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

BOC Hong Kong Price Performance

OTCMKTS BHKLY opened at $130.46 on Friday. The firm’s 50-day simple moving average is $130.12 and its two-hundred day simple moving average is $120.10. BOC Hong Kong has a 52 week low of $92.52 and a 52 week high of $140.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.24.

Analysts Set New Price Targets

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

BOC Hong Kong Company Profile

BOC Hong Kong (Holdings) Limited is a financial services holding company whose principal operating subsidiary is Bank of China (Hong Kong) Limited. The group provides commercial and retail banking services to individuals, businesses, corporations and institutional clients, with Hong Kong as its primary market.

Its services include deposit accounts, personal and commercial loans, mortgages, credit cards, payment and remittance services, wealth management, investment products, insurance distribution, foreign exchange and treasury services.