HSBC Holdings plc (HSBC) Short Interest Update
HSBC Holdings plc (NYSE:HSBC) saw a large growth in short interest during the month of December. As of December 29th, there was short interest totalling 5,029,122 shares, a growth of 61.7% from the December 15th total of 3,110,222 shares. Based on an average trading volume of 2,287,752 shares, the short-interest ratio is currently 2.2 days.
A number of institutional investors and hedge funds have recently made changes to their positions in HSBC. Harding Loevner LP grew its position in HSBC by 4,384.0% during the 3rd quarter. Harding Loevner LP now owns 98,112,785 shares of the financial services provider’s stock worth $17,392,000 after purchasing an additional 95,924,743 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in HSBC during the 3rd quarter worth about $19,699,000. Fisher Asset Management LLC grew its position in HSBC by 2.2% during the 3rd quarter. Fisher Asset Management LLC now owns 13,824,918 shares of the financial services provider’s stock worth $683,089,000 after purchasing an additional 291,811 shares during the period. Quantitative Investment Management LLC acquired a new stake in HSBC during the 2nd quarter worth about $13,392,000. Finally, Parametric Portfolio Associates LLC grew its position in HSBC by 12.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,338,801 shares of the financial services provider’s stock worth $115,560,000 after purchasing an additional 263,130 shares during the period. 2.24% of the stock is currently owned by institutional investors.
Shares of HSBC (NYSE:HSBC) opened at $55.39 on Friday. The firm has a market capitalization of $217,720.00, a PE ratio of 40.43, a price-to-earnings-growth ratio of 2.50 and a beta of 0.93. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94. HSBC has a 12-month low of $39.63 and a 12-month high of $55.69.
HSBC has been the subject of a number of research analyst reports. Zacks Investment Research lowered HSBC from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 9th. Credit Suisse Group lowered HSBC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 10th. BidaskClub lowered HSBC from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. JPMorgan Chase & Co. restated a “neutral” rating on shares of HSBC in a research note on Friday, November 24th. Finally, UBS Group restated a “neutral” rating on shares of HSBC in a research note on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. HSBC has a consensus rating of “Hold” and a consensus target price of $31.50.
HSBC Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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