Short Interest in DBS Group Holdings Ltd (OTCMKTS:DBSDY) Drops By 68.8%

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 7,800 shares, a decline of 68.8% from the March 15th total of 25,000 shares. Based on an average daily trading volume, of 77,600 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

DBS Group Price Performance

OTCMKTS:DBSDY traded up $2.47 on Tuesday, hitting $120.95. The company’s stock had a trading volume of 54,454 shares, compared to its average volume of 44,995. DBS Group has a one year low of $94.72 and a one year high of $145.95. The stock has a fifty day moving average of $132.54 and a two-hundred day moving average of $127.92.

DBS Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, April 28th. Stockholders 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 boost from DBS Group’s previous dividend of $1.64.

Analyst Ratings Changes

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

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.