DBS Group Holdings Ltd (OTCMKTS:DBSDY) Short Interest Down 56.7% in January

DBS Group Holdings Ltd (OTCMKTS:DBSDY - Get Free Report) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 4,200 shares, a drop of 56.7% from the January 15th total of 9,700 shares. Based on an average daily volume of 80,900 shares, the days-to-cover ratio is presently 0.1 days.

DBS Group Trading Up 2.2 %

Shares of DBS Group stock traded up $2.92 during trading on Tuesday, hitting $136.87. 25,747 shares of the company's stock were exchanged, compared to its average volume of 40,360. DBS Group has a 52-week low of $88.25 and a 52-week high of $139.90. The business has a 50-day simple moving average of $129.76 and a 200-day simple moving average of $121.81.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of DBS Group from a "hold" rating to a "strong-buy" rating in a research 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.