DBS Group Holdings Ltd (OTCMKTS:DBSDY) Stock Short Interest Declines 73.6%

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 7,037 shares, a drop of 73.6% from the August 31st total of 26,630 shares. Based on an average daily trading volume, of 82,027 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised DBS Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy”.

DBS Group Trading Up 0.1%

Shares of DBSDY traded up $0.21 during trading hours on Monday, hitting $244.59. The company’s stock had a trading volume of 40,537 shares, compared to its average volume of 50,524. The business has a 50 day simple moving average of $238.17 and a two-hundred day simple moving average of $207.88. DBS Group has a 52-week low of $155.64 and a 52-week high of $253.51. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.83.

About DBS Group

DBS Group Holdings Ltd. is a Singapore-based financial services group and the parent company of DBS Bank Ltd. Established in 1968 as the Development Bank of Singapore, the group has grown into a major banking organization serving consumers, businesses and institutional clients across Asia.

DBS provides consumer and commercial banking, wealth management, investment banking, transaction banking, treasury and markets services. Its offerings include deposits, loans, mortgages, credit cards, payment solutions, cash-management services, capital-markets advisory and investment products.