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

DBS Group Holdings Ltd (OTCMKTS:DBSDY - Get Free Report) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 7,800 shares, a drop of 68.8% from the March 15th total of 25,000 shares. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 77,600 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

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

DBS Group Trading Up 1.8 %

DBSDY stock traded up $2.24 during mid-day trading on Friday, hitting $124.49. 58,290 shares of the company were exchanged, compared to its average volume of 45,438. DBS Group has a 12-month low of $95.73 and a 12-month high of $145.95. The business has a fifty day simple moving average of $131.76 and a 200-day simple moving average of $128.00.

DBS Group Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 8th will be given a $1.8021 dividend. This is a positive change from DBS Group's previous dividend of $1.64. The ex-dividend date of this dividend 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.