DBS Group Holdings Ltd (OTCMKTS:DBSDY) Sees Large Growth in Short Interest

DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 11,516 shares, an increase of 72.5% from the September 30th total of 6,676 shares. Based on an average daily volume of 74,509 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Zacks Research cut DBS Group from a “strong-buy” rating to a “hold” rating in a report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

DBS Group Price Performance

Shares of DBS Group stock opened at $221.24 on Wednesday. The company’s 50-day moving average price is $238.08 and its 200-day moving average price is $206.79. DBS Group has a 12-month low of $156.50 and a 12-month high of $255.39.

DBS Group Company Profile

DBS Group Holdings Ltd. is a Singapore-based financial services group and the parent company of DBS Bank Ltd. Established in 1968 as the Development Bank of Singapore, the group has grown into a major Asian banking institution serving individuals, businesses, corporations and institutional clients.

DBS provides consumer and commercial banking, wealth management, investment banking, treasury and markets, and transaction banking services. Its offerings include deposits, loans, credit cards, mortgages, investment products, insurance, cash-management solutions, trade finance and corporate advisory services.