Short Interest in Hang Seng Bank Limited (OTCMKTS:HSNGY) Declines By 50.0%

Hang Seng Bank Limited (OTCMKTS:HSNGY - Get Free Report) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 200 shares, a decline of 50.0% from the January 31st total of 400 shares. Based on an average trading volume of 11,100 shares, the days-to-cover ratio is currently 0.0 days.

Hang Seng Bank Trading Down 2.0 %

HSNGY stock traded down $0.27 during trading on Wednesday, reaching $13.51. 2,992 shares of the company's stock were exchanged, compared to its average volume of 7,133. Hang Seng Bank has a 1-year low of $10.70 and a 1-year high of $15.06. The company's fifty day moving average price is $12.66 and its 200-day moving average price is $12.29.

Hang Seng Bank Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 5th will be issued a $0.4115 dividend. This is a positive change from Hang Seng Bank's previous dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 5th.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded Hang Seng Bank from a "strong sell" rating to a "hold" rating in a report on Wednesday, February 19th.

Hang Seng Bank Company Profile

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprises, and institutional customers in Hong Kong, the Mainland of China, and internationally. It operates through five segments: Wealth and Personal Banking, Commercial Banking, Global Banking, Global Markets, and Other.