Short Interest in DBS Group Holdings Ltd (OTCMKTS:DBSDY) Drops By 35.7%

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 4,886 shares, a decline of 35.7% from the June 30th total of 7,599 shares. Based on an average daily volume of 63,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Macquarie Infrastructure upgraded DBS Group to a “hold” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

DBS Group Trading Down 1.4%

DBSDY stock traded down $3.27 during trading hours on Friday, hitting $230.11. The company’s stock had a trading volume of 6,903 shares, compared to its average volume of 51,074. The stock has a 50 day moving average price of $208.71 and a two-hundred day moving average price of $191.01. DBS Group has a 12 month low of $142.00 and a 12 month high of $238.04. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.83 and a current ratio of 0.83.

DBS Group Company Profile

DBS Group (OTCMKTS: DBSDY) is a Singapore-based financial services group headquartered in Marina Bay, Singapore. Established in 1968 as the Development Bank of Singapore, the group has grown into one of the region’s largest banks, offering a broad range of banking and financial services to retail, corporate and institutional clients.

DBS’s main business activities include consumer and private banking, corporate and investment banking, treasury and markets, securities brokerage, and asset and wealth management.