Short Interest in DBS Group Holdings Ltd (OTCMKTS:DBSDY) Expands By 136.4%

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 43,500 shares, an increase of 136.4% from the September 15th total of 18,400 shares. Based on an average daily trading volume, of 132,100 shares, the days-to-cover ratio is currently 0.3 days.

Several research analysts have recently weighed in on the company. Zacks Investment Research downgraded DBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 13th. The Goldman Sachs Group downgraded DBS Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 9th.

OTCMKTS DBSDY traded up $1.90 during mid-day trading on Thursday, hitting $90.42. The stock had a trading volume of 33,180 shares, compared to its average volume of 49,375. The firm’s 50 day moving average is $89.68 and its 200 day moving average is $89.04. DBS Group has a twelve month low of $59.35 and a twelve month high of $93.32.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 7th. Investors of record on Monday, August 16th were paid a $0.924 dividend. This represents a $3.70 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Friday, August 13th. DBS Group’s dividend payout ratio is currently 70.48%.

DBS Group Company Profile

DBS Group Holdings Ltd. is an investment company, which provides retail, small and medium-sized enterprise, corporate, and investment banking services. It operates through the following business segments: Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others. The Consumer Banking/Wealth Management segment provides services including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products.

See Also: Return on Equity (ROE)

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