Short Interest in DBS Group Holdings Ltd (OTCMKTS:DBSDY) Rises By 54.8%

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 6,500 shares, a growth of 54.8% from the January 31st total of 4,200 shares. Based on an average daily trading volume, of 91,400 shares, the short-interest ratio is presently 0.1 days.

DBS Group Trading Down 0.6 %

Shares of OTCMKTS DBSDY traded down $0.77 during mid-day trading on Tuesday, hitting $135.80. 23,144 shares of the company traded hands, compared to its average volume of 39,621. The business has a 50 day moving average of $131.52 and a two-hundred day moving average of $124.27. DBS Group has a 1 year low of $88.38 and a 1 year high of $143.99.

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.