HSBC Holdings plc (NYSE:HSBC) Short Interest Update

HSBC Holdings plc (NYSE:HSBC) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 6,820,000 shares, a decline of 10.4% from the January 15th total of 7,610,000 shares. Based on an average daily volume of 1,190,000 shares, the days-to-cover ratio is currently 5.7 days. Currently, 0.2% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

Institutional Trading of HSBC

Institutional investors have recently added to or reduced their stakes in the stock. Berbice Capital Management LLC purchased a new stake in HSBC during the fourth quarter worth about $25,000. Venturi Wealth Management LLC boosted its holdings in HSBC by 58.2% during the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after buying an additional 210 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in shares of HSBC by 342.9% in the fourth quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 456 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of HSBC in the fourth quarter valued at about $30,000. Finally, Larson Financial Group LLC lifted its holdings in shares of HSBC by 138.5% in the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Price Performance

HSBC stock traded up $1.77 during trading on Tuesday, reaching $56.86. 2,855,997 shares of the company were exchanged, compared to its average volume of 1,463,957. The company has a market cap of $203.64 billion, a P/E ratio of 9.40, a PEG ratio of 1.41 and a beta of 0.54. HSBC has a 52-week low of $36.93 and a 52-week high of $57.08. The stock’s 50 day moving average price is $50.61 and its 200 day moving average price is $46.73. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96.

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.