DBS Group Holdings Ltd (OTCMKTS:DBSDY) Short Interest Update

DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw a large increase in short interest during 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. Based on an average daily trading volume, of 80,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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 Stock Performance

OTCMKTS DBSDY traded up $0.10 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 moving average price is $133.94 and its two-hundred day moving average price is $127.18. DBS Group has a fifty-two week low of $93.23 and a fifty-two week high of $145.35.

DBS Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 8th will be issued a dividend of $1.8021 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This is a positive change 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.