Short Interest in Hang Seng Bank Ltd. (OTCMKTS:HSNGY) Rises By 500.0%

Hang Seng Bank Ltd. (OTCMKTS:HSNGY - Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 600 shares, an increase of 500.0% from the August 31st total of 100 shares. Based on an average trading volume of 11,800 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 11,800 shares, the days-to-cover ratio is currently 0.1 days.Get Hang Seng Bank alerts:Hang Seng Bank Price PerformanceHang Seng Bank stock traded up $0.15 during midday trading on Wednesday, reaching $15.10. The company had a trading volume of 3,164 shares, compared to its average volume of 6,288. Hang Seng Bank has a 12-month low of $11.25 and a 12-month high of $16.34. The firm's fifty day simple moving average is $14.76 and its 200-day simple moving average is $14.28. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.19. Hang Seng Bank Cuts DividendThe firm also recently announced a dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were paid a $0.1456 dividend. This represents a yield of 564.0%. The ex-dividend date of this dividend was Thursday, August 14th. Wall Street Analysts Forecast GrowthSeveral equities research analysts have recently issued reports on HSNGY shares. UBS Group lowered shares of Hang Seng Bank from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 31st. Zacks Research raised shares of Hang Seng Bank from a "strong sell" rating to a "hold" rating in a research note on Monday. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Reduce".Get Our Latest Research Report on Hang Seng BankAbout Hang Seng Bank (Get Free Report)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.See AlsoFive stocks we like better than Hang Seng BankFinancial Services Stocks InvestingIs Intuitive Surgical the Hidden Winner in Healthcare’s Weakness?Best Energy Stocks - Energy Stocks to Buy NowLithium Americas Stock Exploded Last Week—Here’s WhyAsset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?Why Amazon’s Latest Upgrade Might Be Its Most Important YetThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Hang Seng Bank Right Now?Before you consider Hang Seng Bank, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hang Seng Bank wasn't on the list.While Hang Seng Bank currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here