Short Interest in HSBC Holdings plc (HSBC) Expands By 61.7%

HSBC Holdings plc (NYSE:HSBC) was the recipient of a significant 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 daily volume of 2,287,752 shares, the days-to-cover ratio is presently 2.2 days.

Several equities analysts recently commented on HSBC shares. Goldman Sachs Group reiterated a “neutral” rating on shares of HSBC in a research note on Tuesday, December 5th. JPMorgan Chase & Co. restated a “neutral” rating on shares of HSBC in a research note on Friday, November 24th. Macquarie initiated coverage on HSBC in a research note on Wednesday, November 29th. They set an “outperform” rating for the company. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a research report on Monday, December 11th. Finally, BidaskClub downgraded HSBC from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $31.50.

Shares of HSBC (NYSE HSBC) traded down $0.01 during midday trading on Monday, reaching $51.38. The company’s stock had a trading volume of 2,050,000 shares, compared to its average volume of 2,190,000. HSBC has a 12-month low of $39.63 and a 12-month high of $55.89. The firm has a market capitalization of $202,410.00, a PE ratio of 37.50, a P/E/G ratio of 2.34 and a beta of 0.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.94 and a quick ratio of 0.94.

Several institutional investors have recently made changes to their positions in HSBC. Cambridge Investment Research Advisors Inc. raised its position in shares of HSBC by 5.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,489 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 291 shares during the period. Quantitative Investment Management LLC acquired a new stake in HSBC in the 2nd quarter valued at approximately $13,392,000. UBS Asset Management Americas Inc. increased its position in HSBC by 1.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 43 shares during the period. TIAA FSB acquired a new stake in HSBC in the 2nd quarter valued at approximately $785,000. Finally, Bluestein R H & Co. increased its position in HSBC by 100.0% in the 2nd quarter. Bluestein R H & Co. now owns 20,000 shares of the financial services provider’s stock valued at $928,000 after acquiring an additional 10,000 shares during the period. Institutional investors and hedge funds own 2.26% of the company’s stock.

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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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