Hang Seng Bank Ltd. (OTCMKTS:HSNGY) Sees Large Drop in Short Interest

Hang Seng Bank Ltd. (OTCMKTS:HSNGY) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 900 shares, a decline of 10.0% from the June 30th total of 1,000 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,900 shares, the days-to-cover ratio is presently 0.1 days.

Hang Seng Bank Stock Performance

Hang Seng Bank stock opened at $15.54 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.74 and a current ratio of 0.74. Hang Seng Bank has a 1 year low of $11.25 and a 1 year high of $16.34. The firm’s 50 day moving average price is $14.82 and its two-hundred day moving average price is $13.75.

Hang Seng Bank Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 16th were given a $0.1476 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a yield of 5.7%.

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.