HDFC Bank Limited (NYSE:HDB) Short Interest Update

HDFC Bank Limited (NYSE:HDB - Get Free Report) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 14,290,000 shares, a growth of 9.7% from the January 15th total of 13,030,000 shares. Based on an average trading volume of 2,680,000 shares, the days-to-cover ratio is presently 5.3 days.

HDFC Bank Trading Down 1.9 %

NYSE:HDB traded down $1.14 on Thursday, hitting $59.62. 1,603,357 shares of the stock were exchanged, compared to its average volume of 2,676,239. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. HDFC Bank has a 52 week low of $53.00 and a 52 week high of $68.50. The stock has a market capitalization of $150.96 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 1.66 and a beta of 0.91. The company's 50-day moving average price is $61.65 and its 200 day moving average price is $62.41.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, equities research analysts forecast that HDFC Bank will post 3.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th.

Institutional Investors Weigh In On HDFC Bank

A number of institutional investors have recently made changes to their positions in HDB. CWM LLC grew its position in shares of HDFC Bank by 2,567.2% during the 3rd quarter. CWM LLC now owns 3,094 shares of the bank's stock worth $194,000 after buying an additional 2,978 shares during the period. Creative Planning increased its position in shares of HDFC Bank by 26.0% in the 3rd quarter. Creative Planning now owns 130,768 shares of the bank's stock valued at $8,181,000 after buying an additional 26,983 shares in the last quarter. Aaron Wealth Advisors LLC bought a new position in HDFC Bank during the third quarter worth about $397,000. Blue Trust Inc. increased its holdings in shares of HDFC Bank by 41.7% in the third quarter. Blue Trust Inc. now owns 25,459 shares of the bank's stock worth $1,638,000 after acquiring an additional 7,486 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of HDFC Bank by 2.7% during the third quarter. Raymond James & Associates now owns 588,382 shares of the bank's stock worth $36,809,000 after purchasing an additional 15,238 shares during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Company Profile

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.