HDFC Bank Limited (HDB) Short Interest Update

HDFC Bank Limited (NYSE:HDB) was the recipient of a large growth in short interest in the month of December. As of December 29th, there was short interest totalling 1,009,161 shares, a growth of 32.2% from the December 15th total of 763,576 shares. Based on an average daily volume of 431,229 shares, the short-interest ratio is currently 2.3 days.

Separately, Zacks Investment Research lowered shares of HDFC Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. HDFC Bank presently has a consensus rating of “Buy” and a consensus target price of $114.00.

A number of institutional investors have recently bought and sold shares of HDB. Fox Run Management L.L.C. bought a new stake in shares of HDFC Bank during the 4th quarter worth about $254,000. Acadian Asset Management LLC raised its position in shares of HDFC Bank by 23.0% during the 4th quarter. Acadian Asset Management LLC now owns 76,406 shares of the bank’s stock worth $7,768,000 after buying an additional 14,307 shares in the last quarter. Creative Planning bought a new stake in shares of HDFC Bank during the 4th quarter worth about $203,000. Bank of Montreal Can raised its position in shares of HDFC Bank by 41.1% during the 4th quarter. Bank of Montreal Can now owns 913,516 shares of the bank’s stock worth $92,877,000 after buying an additional 266,214 shares in the last quarter. Finally, Vontobel Asset Management Inc. raised its position in shares of HDFC Bank by 0.5% during the 4th quarter. Vontobel Asset Management Inc. now owns 2,140,936 shares of the bank’s stock worth $239,025,000 after buying an additional 11,330 shares in the last quarter. 17.32% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank (NYSE HDB) opened at $106.04 on Tuesday. The stock has a market cap of $78,240.00, a PE ratio of 86.92, a price-to-earnings-growth ratio of 1.22 and a beta of 0.84. HDFC Bank has a one year low of $64.19 and a one year high of $108.41.

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HDFC Bank Company Profile

HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.

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