DBS Group Holdings Ltd (OTCMKTS:DBSDY) Short Interest Up 481.4% in March

DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 25,000 shares, a growth of 481.4% from the February 28th total of 4,300 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 80,000 shares, the short-interest ratio is presently 0.3 days.

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.

DBS Group Price Performance

OTCMKTS DBSDY traded up $0.60 during mid-day trading on Friday, reaching $138.62. The stock had a trading volume of 63,270 shares, compared to its average volume of 40,675. DBS Group has a 1 year low of $93.23 and a 1 year high of $145.35. The company has a fifty day moving average price of $134.15 and a 200 day moving average price of $127.25.

DBS Group Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 8th will be paid a $1.8021 dividend. 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.