HSBC Holdings plc (NYSE:HSBC) Short Interest Down 8.8% in November

HSBC Holdings plc (NYSE:HSBC) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 6,770,000 shares, a drop of 8.8% from the October 31st total of 7,420,000 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 1,210,000 shares, the days-to-cover ratio is currently 5.6 days.

Institutional Trading of HSBC

Several institutional investors have recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd acquired a new position in shares of HSBC during the 3rd quarter worth approximately $139,895,000. FMR LLC increased its stake in HSBC by 44.3% during the 3rd quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock worth $110,363,000 after acquiring an additional 749,759 shares during the period. American Century Companies Inc. raised its holdings in HSBC by 4.6% in the 2nd quarter. American Century Companies Inc. now owns 850,842 shares of the financial services provider’s stock valued at $37,012,000 after acquiring an additional 37,781 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of HSBC by 15.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 500,547 shares of the financial services provider’s stock worth $22,620,000 after purchasing an additional 67,941 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in shares of HSBC by 22.1% in the second quarter. Natixis Advisors LLC now owns 413,789 shares of the financial services provider’s stock worth $18,000,000 after purchasing an additional 74,980 shares during the period. 1.48% of the stock is currently owned by institutional investors.

HSBC Stock Performance

Shares of NYSE HSBC traded up $0.15 during mid-day trading on Monday, reaching $47.04. 556,446 shares of the company were exchanged, compared to its average volume of 1,653,589. HSBC has a twelve month low of $36.93 and a twelve month high of $47.56. The stock has a market capitalization of $170.37 billion, a P/E ratio of 7.75 and a beta of 0.56. The company’s 50-day simple moving average is $45.43 and its 200-day simple moving average is $44.17. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52.

HSBC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.25%. HSBC’s dividend payout ratio (DPR) is currently 32.73%.

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.