DBS Group Holdings Ltd (OTCMKTS:DBSDY) Short Interest Up 134.3% in January

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 8,200 shares, a growth of 134.3% from the December 31st total of 3,500 shares. Based on an average daily volume of 53,300 shares, the short-interest ratio is currently 0.2 days.

DBS Group Trading Up 0.8 %

Shares of DBSDY traded up $1.00 on Friday, reaching $130.98. 29,829 shares of the company’s stock were exchanged, compared to its average volume of 34,953. The business has a 50 day moving average price of $128.53 and a two-hundred day moving average price of $119.69. DBS Group has a 12 month low of $84.55 and a 12 month high of $137.25.

DBS Group Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a $1.6365 dividend. This is a positive change from DBS Group’s previous dividend of $1.58. The ex-dividend date of this dividend was Monday, November 18th.

Analysts Set New Price Targets

Separately, Citigroup upgraded DBS Group from a “hold” rating to a “strong-buy” rating in a 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.