DBS Group Holdings Ltd (OTCMKTS:DBSDY) Short Interest Update

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

DBS Group Trading Down 0.6 %

Shares of DBSDY stock traded down $0.75 during mid-day trading on Tuesday, reaching $127.65. The stock had a trading volume of 31,858 shares, compared to its average volume of 33,282. DBS Group has a 12-month low of $84.23 and a 12-month high of $137.25. The business has a 50-day simple moving average of $127.73 and a 200 day simple moving average of $118.14.

DBS Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a dividend of $1.6365 per share. This is an increase 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.