DBS Group Holdings Ltd (OTCMKTS:DBSDY) Short Interest Up 134.3% in January

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

DBS Group Stock Performance

DBSDY traded up $1.00 during trading on Friday, reaching $130.98. 29,829 shares of the company’s stock were exchanged, compared to its average volume of 34,953. The company’s fifty day simple moving average is $128.53 and its 200-day simple moving average is $119.69. DBS Group has a 1 year low of $84.55 and a 1 year high of $137.25.

DBS Group Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a $1.6365 dividend. This is a positive change from DBS Group’s previous dividend of $1.58. The ex-dividend date of this dividend was Monday, November 18th.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded 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.