HSBC Holdings plc (HSBC) : The short interest in HSBC Holdings plc (HSBC) has increased from 6,212,226 to 6,958,166 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 2,334,754 shares are traded daily in the stock and only 3 days are left for the shorts to cover. The short open interest is 0.2% of the total shares in the hands of the public. The shorts in the stock have gone up by 745,940 shares, which is an increase of 12% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
HSBC Holdings plc (NYSE:HSBC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.02 and $35.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.77, notching a gain of 0.22% for the day. The total traded volume was 1,546,609 . The stock had closed at $35.69 on the previous day.
HSBC Holdings plc (HSBC) is the banking and financial services company. The Companys principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. The Company operates in four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). RBWM offers personal banking products and wealth management services. CMB offers a range of commercial financial services and solutions to customers ranging from small and medium-sized enterprises to publicly quoted companies. GB&M provides financial solutions to Government, corporate and institutional clients across the world. GPB offers products and services, which include private banking, investment management and private wealth solutions. It operates in Europe, Asia, Middle East and North Africa, North America and Latin America.