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

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the target of a significant increase in short interest in 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.

Analyst Upgrades and Downgrades

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

DBS Group Stock Performance

Shares of DBSDY traded up $0.79 during midday trading on Wednesday, hitting $130.50. The company had a trading volume of 29,896 shares, compared to its average volume of 28,771. DBS Group has a 1 year low of $84.55 and a 1 year high of $137.25. The company’s 50-day simple moving average is $128.35 and its 200-day simple moving average is $119.54.

DBS Group Increases Dividend

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

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.