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

Hang Seng Bank Limited (OTCMKTS:HSNGY) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 2,400 shares, an increase of 700.0% from the September 30th total of 300 shares. Based on an average daily trading volume, of 27,600 shares, the short-interest ratio is currently 0.1 days.

Hang Seng Bank Price Performance

HSNGY stock traded up $0.04 during mid-day trading on Friday, reaching $12.15. The company had a trading volume of 1,233 shares, compared to its average volume of 51,163. The firm has a 50 day moving average of $12.12 and a 200 day moving average of $12.75. Hang Seng Bank has a 12 month low of $10.20 and a 12 month high of $14.81.

Hang Seng Bank Increases Dividend

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

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.