DBS Group Holdings Ltd (OTCMKTS:DBSDY) Short Interest Down 33.8% in February

DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 4,300 shares, a drop of 33.8% from the February 13th total of 6,500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 72,900 shares, the short-interest ratio is presently 0.1 days.

DBS Group Stock Up 0.6 %

Shares of DBSDY opened at $133.27 on Monday. DBS Group has a 12 month low of $92.94 and a 12 month high of $143.99. The stock’s 50-day moving average price is $132.89 and its two-hundred day moving average price is $125.92.

DBS Group Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $1.8021 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This is an increase from DBS Group’s previous dividend of $1.64.

Wall Street Analysts Forecast Growth

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