BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Shares Shorted: Short Interest Up 236.8% in October

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 1,061 shares, a growth of 236.8% from the October 15th total of 315 shares. Based on an average daily volume of 6,826 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, China Intl Cap upgraded BOC Hong Kong to a “strong-buy” rating in a research report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, BOC Hong Kong currently has a consensus rating of “Strong Buy”.

BOC Hong Kong Price Performance

Shares of OTCMKTS BHKLY opened at $129.09 on Friday. BOC Hong Kong has a 52 week low of $94.64 and a 52 week high of $140.00. The company’s 50-day moving average price is $129.19 and its 200 day moving average price is $120.01.

About BOC Hong Kong

BOC Hong Kong (Holdings) Limited is a banking and financial services group whose principal subsidiary is Bank of China (Hong Kong) Limited. The bank was formed in 2001 through the consolidation of Bank of China Group’s banking operations in Hong Kong and became a subsidiary of the holding company after its establishment in 2002. The group provides personal and commercial banking services, including deposits, loans, mortgages, credit cards, wealth management and trade finance. It also offers insurance, securities, investment and treasury services to individual, corporate and institutional customers.