Hang Seng Bank (HSNGY) Short Interest Ratio & Short Volume

Short interest is the volume of Hang Seng Bank shares that have been sold short but have not yet been closed out or covered. As of May 15th, investors have sold 20,200 shares of HSNGY short. Learn More on Hang Seng Bank's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. HSNGY shares currently have a short interest ratio of 1.0. Learn More on Hang Seng Bank's short interest ratio.

Hang Seng Bank saw a decrease in short interest in May. As of May 15th, there was short interest totaling 20,200 shares, a decrease of 12.2% from the previous total of 23,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the industry of "commercial banks, not elsewhere classified" compare to Hang Seng Bank: HDFC Bank Limited (0.52%), The Toronto-Dominion Bank (0.60%), ICICI Bank Limited (0.83%), Sumitomo Mitsui Financial Group, Inc. (0.06%), BNP Paribas SA (0.00%), Banco Santander, S.A. (0.04%), Bank of Montreal (1.12%), Banco Bilbao Vizcaya Argentaria, S.A. (0.04%), ING Groep (0.13%), Crédit Agricole S.A. (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling HSNGY is an investing strategy that aims to generate trading profit from Hang Seng Bank as its price is falling. HSNGY shares are trading down $0.03 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Hang Seng Bank occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of HSNGY, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including HSNGY, twice per month. The most recent reporting period available is May, 15 2024.