HDFC Bank Limited (NYSE:HDB) Short Interest Update

HDFC Bank Limited (NYSE:HDB) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 18,950,000 shares, a growth of 9.2% from the November 30th total of 17,360,000 shares. Based on an average daily volume of 2,770,000 shares, the short-interest ratio is presently 6.8 days.

HDFC Bank Price Performance

Shares of HDB opened at $63.86 on Thursday. HDFC Bank has a 1-year low of $52.16 and a 1-year high of $68.50. The stock has a market cap of $161.71 billion, a PE ratio of 19.41, a P/E/G ratio of 1.78 and a beta of 0.92. The firm has a 50-day simple moving average of $64.90 and a two-hundred day simple moving average of $62.84. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The business had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $4.84 billion. As a group, analysts forecast that HDFC Bank will post 3.15 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

Institutional Investors Weigh In On HDFC Bank

A number of institutional investors have recently made changes to their positions in HDB. Glenmede Trust Co. NA lifted its holdings in HDFC Bank by 3.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock worth $301,000 after buying an additional 167 shares in the last quarter. Commerce Bank increased its position in shares of HDFC Bank by 7.0% during the third quarter. Commerce Bank now owns 3,427 shares of the bank’s stock worth $214,000 after acquiring an additional 225 shares during the period. Pin Oak Investment Advisors Inc. raised its stake in shares of HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after acquiring an additional 254 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in HDFC Bank by 4.2% in the third quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock valued at $399,000 after purchasing an additional 257 shares during the period. Finally, JFS Wealth Advisors LLC grew its stake in HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after purchasing an additional 275 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

About HDFC Bank

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.