Short Interest in DBS Group Holdings Ltd (OTCMKTS:DBSDY) Grows By 54.8%

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 6,500 shares, a growth of 54.8% from the January 31st total of 4,200 shares. Based on an average daily volume of 91,400 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

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

DBS Group Price Performance

Shares of OTCMKTS DBSDY traded down $0.98 during mid-day trading on Monday, hitting $136.57. 36,544 shares of the company were exchanged, compared to its average volume of 40,045. The stock has a 50 day simple moving average of $131.37 and a 200-day simple moving average of $124.07. DBS Group has a 1-year low of $88.38 and a 1-year high of $143.99.

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.