Short Interest in DBS Group Holdings Ltd (OTCMKTS:DBSDY) Rises By 481.4%

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the recipient of a significant increase in short interest in 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 trading volume of 80,000 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

DBS Group Price Performance

OTCMKTS DBSDY traded up $0.60 during trading hours on Thursday, reaching $138.62. 63,270 shares of the company’s stock were exchanged, compared to its average volume of 40,675. DBS Group has a one year low of $93.23 and a one year high of $145.35. The company’s 50-day moving average is $133.94 and its two-hundred day moving average is $127.18.

DBS Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 8th will be given a $1.8021 dividend. This is a boost from DBS Group’s previous dividend of $1.64. The ex-dividend date of this dividend is Tuesday, April 8th.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded DBS Group from a “hold” rating to a “strong-buy” rating in a report 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.