DBS Group Holdings Ltd (OTCMKTS:DBSDY) Sees Large Increase in Short Interest

DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 25,000 shares, an increase of 481.4% from the February 28th total of 4,300 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 80,000 shares, the short-interest ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

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

DBS Group Trading Up 0.1 %

DBS Group stock traded up $0.10 during midday trading on Wednesday, hitting $138.02. 131,134 shares of the company’s stock were exchanged, compared to its average volume of 40,280. The firm’s 50 day simple moving average is $133.94 and its 200 day simple moving average is $127.18. DBS Group has a 12-month low of $93.23 and a 12-month high of $145.35.

DBS Group Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 8th will be given a $1.8021 dividend. The ex-dividend date is Tuesday, April 8th. This is a boost from DBS Group’s previous dividend of $1.64.

DBS Group Company Profile

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.