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

Hang Seng Bank Limited (OTCMKTS:HSNGY) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 400 shares, an increase of 100.0% from the February 13th total of 200 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 9,700 shares, the short-interest ratio is presently 0.0 days.

Hang Seng Bank Stock Performance

Shares of OTCMKTS:HSNGY traded up $0.30 during mid-day trading on Friday, reaching $14.00. The stock had a trading volume of 2,516 shares, compared to its average volume of 6,719. The firm has a 50 day simple moving average of $12.87 and a two-hundred day simple moving average of $12.39. Hang Seng Bank has a twelve month low of $10.80 and a twelve month high of $15.06.

Hang Seng Bank Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, April 7th. Investors of record on Wednesday, March 5th will be given a $0.4115 dividend. This is an increase from Hang Seng Bank’s previous dividend of $0.14. The ex-dividend date is Wednesday, March 5th.

Wall Street Analysts Forecast Growth

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

About Hang Seng Bank

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.