DBS Group Holdings Ltd (OTCMKTS:DBSDY) Short Interest Up 134.3% in December

DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 8,200 shares, an increase of 134.3% from the December 15th total of 3,500 shares. Based on an average daily trading volume, of 53,300 shares, the days-to-cover ratio is currently 0.2 days.

DBS Group Price Performance

Shares of OTCMKTS DBSDY traded down $0.45 during trading on Wednesday, hitting $127.20. 36,727 shares of the company traded hands, compared to its average volume of 33,659. The business’s fifty day moving average is $127.91 and its 200 day moving average is $118.30. DBS Group has a fifty-two week low of $84.23 and a fifty-two week high of $137.25.

DBS Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a $1.6365 dividend. The ex-dividend date was Monday, November 18th. This is a boost from DBS Group’s previous dividend of $1.58.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research note 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.