Hang Seng Bank Limited (OTCMKTS:HSNGY) Sees Significant Growth in Short Interest

Hang Seng Bank Limited (OTCMKTS:HSNGY - Get Free Report) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 1,000 shares, a growth of 150.0% from the February 28th total of 400 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is currently 0.1 days.

Hang Seng Bank Stock Performance

Shares of OTCMKTS HSNGY traded down $0.03 during mid-day trading on Tuesday, reaching $13.55. 6,041 shares of the company traded hands, compared to its average volume of 6,705. The company's fifty day moving average is $13.26 and its two-hundred day moving average is $12.54. Hang Seng Bank has a fifty-two week low of $10.88 and a fifty-two week high of $15.06.

Hang Seng Bank Increases Dividend

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

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of 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.