DBS Group Holdings Ltd (OTCMKTS:DBSDY) Sees Large Increase in Short Interest

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

Analysts Set New Price Targets

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 Price Performance

OTCMKTS DBSDY traded up $0.79 during trading hours on Wednesday, reaching $130.50. The stock had a trading volume of 29,896 shares, compared to its average volume of 28,771. DBS Group has a 52-week low of $84.55 and a 52-week high of $137.25. The stock has a fifty day moving average of $128.35 and a 200 day moving average of $119.54.

DBS Group Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a $1.6365 dividend. The ex-dividend date 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.