Short Interest in DBS Group Holdings Ltd (OTCMKTS:DBSDY) Expands By 134.3%

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 8,200 shares, a growth of 134.3% from the December 31st total of 3,500 shares. Based on an average daily trading volume, of 53,300 shares, the days-to-cover ratio is presently 0.2 days.

DBS Group Trading Up 0.8 %

Shares of OTCMKTS:DBSDY traded up $1.00 on Friday, reaching $130.98. The company had a trading volume of 29,829 shares, compared to its average volume of 34,953. DBS Group has a 52-week low of $84.55 and a 52-week high of $137.25. The firm’s 50 day simple moving average is $128.53 and its 200-day simple moving average is $119.69.

DBS Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a $1.6365 dividend. The ex-dividend date was Monday, November 18th. This is an increase from DBS Group’s previous dividend of $1.58.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 3rd.

About DBS Group

DBS Group Holdings Ltd provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. The company’s Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products for individual customers.