Short Interest in DBS Group Holdings Ltd (OTCMKTS:DBSDY) Expands By 407.9%

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 16,145 shares, a growth of 407.9% from the April 30th total of 3,179 shares. Based on an average daily trading volume, of 75,536 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

DBS Group Trading Down 0.8%

Shares of DBSDY traded down $1.54 during mid-day trading on Thursday, hitting $193.66. The company’s stock had a trading volume of 2,706 shares, compared to its average volume of 58,474. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.83. The company’s 50-day moving average is $182.81 and its 200-day moving average is $178.27. DBS Group has a 52-week low of $132.00 and a 52-week high of $201.10.

Analyst Upgrades and Downgrades

Separately, Macquarie Infrastructure upgraded DBS Group to a “hold” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

DBS Group Company Profile

DBS Group (OTCMKTS: DBSDY) is a Singapore-based financial services group headquartered in Marina Bay, Singapore. Established in 1968 as the Development Bank of Singapore, the group has grown into one of the region’s largest banks, offering a broad range of banking and financial services to retail, corporate and institutional clients.

DBS’s main business activities include consumer and private banking, corporate and investment banking, treasury and markets, securities brokerage, and asset and wealth management.