Short Interest in Hang Seng Bank Limited (OTCMKTS:HSNGY) Grows By 25.0%

Hang Seng Bank Limited (OTCMKTS:HSNGY) was the target 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 daily volume of 13,900 shares, the short-interest ratio is currently 0.2 days.

Hang Seng Bank Stock Performance

Shares of OTCMKTS:HSNGY remained flat at $11.76 during midday trading on Friday. The company had a trading volume of 112,911 shares, compared to its average volume of 6,470. Hang Seng Bank has a 1 year low of $10.20 and a 1 year high of $14.81. The stock has a fifty day moving average price of $12.24 and a 200 day moving average price of $12.70.

Hang Seng Bank Increases Dividend

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

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.