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

DBS Group Holdings Ltd (OTCMKTS:DBSDY - Get Free Report) was the target of a large increase in short interest during 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 daily trading volume, of 80,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company's stock are short sold.

Analyst Ratings Changes

Separately, Citigroup raised DBS Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 3rd.

DBS Group Stock Down 0.7 %

DBS Group stock traded down $1.00 during mid-day trading on Friday, reaching $137.62. The company's stock had a trading volume of 22,589 shares, compared to its average volume of 40,296. The business's 50 day simple moving average is $134.32 and its 200 day simple moving average is $127.51. DBS Group has a 12 month low of $93.23 and a 12 month high of $145.35.

DBS Group Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 8th will be paid a $1.8021 dividend. This is an increase from DBS Group's previous dividend of $1.64. The ex-dividend date is Tuesday, April 8th.

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.