HSBC Holdings plc (HSBC) Short Interest Up 61.7% in December

HSBC Holdings plc (NYSE:HSBC) saw a significant increase in short interest during the month of December. As of December 29th, there was short interest totalling 5,029,122 shares, an increase of 61.7% from the December 15th total of 3,110,222 shares. Based on an average daily trading volume, of 2,287,752 shares, the short-interest ratio is currently 2.2 days.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Harding Loevner LP increased its stake in shares of HSBC by 4,384.0% during the third 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. Fisher Asset Management LLC increased its stake in shares of HSBC by 2.2% during the third 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. Dimensional Fund Advisors LP increased its stake in shares of HSBC by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 13,310,658 shares of the financial services provider’s stock worth $617,481,000 after purchasing an additional 99,537 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of HSBC by 12.7% during the third 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. Finally, Aperio Group LLC increased its stake in shares of HSBC by 2.3% during the third quarter. Aperio Group LLC now owns 1,283,358 shares of the financial services provider’s stock worth $63,411,000 after purchasing an additional 28,695 shares during the period. Institutional investors own 2.24% of the company’s stock.

HSBC (NYSE HSBC) opened at $55.36 on Friday. The firm has a market capitalization of $218,840.00, a P/E ratio of 40.41, a PEG ratio of 2.53 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 52 week low of $39.63 and a 52 week high of $55.69.

HSBC (NYSE:HSBC) last announced its earnings results on Monday, October 30th. The financial services provider reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.20). research analysts expect that HSBC will post 3.2 EPS for the current year.

A number of analysts have recently issued reports on HSBC shares. Zacks Investment Research cut HSBC from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 9th. BidaskClub raised HSBC from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. Goldman Sachs Group reaffirmed a “neutral” rating on shares of HSBC in a research report on Tuesday, December 5th. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a research report on Monday, December 11th. Finally, Credit Suisse Group cut HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.50.

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About HSBC

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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