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

Hang Seng Bank Limited (OTCMKTS:HSNGY) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 22,500 shares, an increase of 12.5% from the March 31st total of 20,000 shares. Based on an average trading volume of 106,500 shares, the short-interest ratio is currently 0.2 days.

Hang Seng Bank Stock Performance

HSNGY stock traded down $0.16 during midday trading on Wednesday, hitting $13.19. The company had a trading volume of 17,415 shares, compared to its average volume of 57,391. The stock’s 50 day moving average price is $11.74 and its 200 day moving average price is $11.34. Hang Seng Bank has a 52 week low of $10.20 and a 52 week high of $15.34.

Hang Seng Bank Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, April 1st. Shareholders of record on Wednesday, March 6th were given a $0.3891 dividend. This is a positive change from Hang Seng Bank’s previous dividend of $0.12. The ex-dividend date was Tuesday, March 5th.

About Hang Seng Bank

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.