HDFC Bank Limited (NYSE:HDB – Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 19,210,000 shares, an increase of 28.1% from the February 13th total of 15,000,000 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 2,570,000 shares, the short-interest ratio is currently 7.5 days.
Analyst Upgrades and Downgrades
HDB has been the topic of a number of recent research reports. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Finally, Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.
Get Our Latest Research Report on HDB
Institutional Inflows and Outflows
HDFC Bank Price Performance
Shares of NYSE:HDB traded up $1.01 during midday trading on Monday, reaching $61.69. 1,243,531 shares of the company’s stock traded hands, compared to its average volume of 2,497,185. HDFC Bank has a 1 year low of $54.07 and a 1 year high of $68.50. The company has a market cap of $156.21 billion, a P/E ratio of 18.76, a PEG ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The company has a fifty day simple moving average of $60.00 and a two-hundred day simple moving average of $62.42.
HDFC Bank (NYSE:HDB – Get Free Report) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Equities analysts predict that HDFC Bank will post 3.03 EPS for the current fiscal year.
HDFC Bank Company Profile
HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.
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