DBS Group Holdings Ltd (OTCMKTS:DBSDY) Short Interest Down 68.8% in March

DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 7,800 shares, a decrease of 68.8% from the March 15th total of 25,000 shares. Based on an average daily volume of 77,600 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

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.

DBS Group Stock Up 1.1 %

DBS Group stock traded up $1.30 during midday trading on Thursday, hitting $122.25. 65,072 shares of the company’s stock were exchanged, compared to its average volume of 45,289. DBS Group has a 12 month low of $95.73 and a 12 month high of $145.95. The firm has a 50-day moving average of $132.14 and a two-hundred day moving average of $127.83.

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 is Tuesday, April 8th. This is a positive change from DBS Group’s previous dividend of $1.64.

DBS Group Company Profile

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.