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

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

DBS Group Stock Down 0.4 %

Shares of DBSDY stock traded down $0.45 during mid-day trading on Thursday, hitting $127.20. 36,727 shares of the stock traded hands, compared to its average volume of 24,041. DBS Group has a twelve month low of $84.23 and a twelve month high of $137.25. The company’s 50-day simple moving average is $127.91 and its 200-day simple moving average is $118.30.

DBS Group Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a $1.6365 dividend. This is a boost from DBS Group’s previous dividend of $1.58. The ex-dividend date was Monday, November 18th.

Analyst Ratings Changes

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

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.