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

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 4,300 shares, a decline of 33.8% from the February 13th total of 6,500 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 72,900 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

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

DBS Group stock opened at $133.27 on Friday. The stock’s 50 day moving average price is $132.89 and its 200 day moving average price is $125.80. DBS Group has a 1-year low of $92.94 and a 1-year high of $143.99.

DBS Group Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 8th will be issued a $1.8021 dividend. The ex-dividend date is Tuesday, April 8th. This is an increase 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.