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

Hang Seng Bank Limited (OTCMKTS:HSNGY) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 3,000 shares, an increase of 25.0% from the October 15th total of 2,400 shares. Based on an average trading volume of 13,900 shares, the days-to-cover ratio is presently 0.2 days.

Hang Seng Bank Price Performance

Shares of OTCMKTS HSNGY opened at $11.76 on Friday. The firm’s 50-day moving average price is $12.24 and its 200-day moving average price is $12.70. Hang Seng Bank has a 52-week low of $10.20 and a 52-week high of $14.81.

Hang Seng Bank Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Wednesday, October 23rd will be issued a dividend of $0.1359 per share. The ex-dividend date of this dividend is Wednesday, October 23rd. This is an increase from Hang Seng Bank’s previous dividend of $0.14.

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.