DBS Group Holdings Ltd (OTCMKTS:DBSDY) Short Interest Up 390.5% in August

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 22,952 shares, an increase of 390.5% from the July 30th total of 4,679 shares. Based on an average daily trading volume, of 49,686 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

DBSDY has been the topic of a number of research analyst reports. Zacks Research upgraded DBS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Macquarie Infrastructure upgraded DBS Group to a “hold” rating in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, DBS Group presently has an average rating of “Buy”.

DBS Group Price Performance

DBS Group stock opened at $242.66 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a fifty day simple moving average of $223.23 and a two-hundred day simple moving average of $197.70. DBS Group has a twelve month low of $149.44 and a twelve month high of $244.19.

About DBS Group

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.