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

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the recipient of a significant drop in short interest in 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. Based on an average daily trading volume, of 72,900 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 3rd.

DBS Group Trading Up 0.6 %

DBSDY traded up $0.79 during midday trading on Friday, hitting $133.27. The company had a trading volume of 26,632 shares, compared to its average volume of 40,197. DBS Group has a 52 week low of $92.94 and a 52 week high of $143.99. The stock’s 50 day moving average price is $132.89 and its 200 day moving average price is $125.69.

DBS Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 8th will be issued a dividend of $1.8021 per share. This is a boost from DBS Group’s previous dividend of $1.64. The ex-dividend date is Tuesday, April 8th.

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.