DBS Group Holdings Ltd (OTCMKTS:DBSDY) Shares Shorted: Short Interest Down 73.6% in September

DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 7,037 shares, a drop of 73.6% from the August 31st total of 26,630 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 82,027 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded DBS Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

DBS Group Price Performance

Shares of OTCMKTS:DBSDY opened at $244.38 on Friday. The company’s 50-day moving average price is $238.17 and its two-hundred day moving average price is $207.63. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.83. DBS Group has a one year low of $155.59 and a one year high of $253.51.

About DBS Group

DBS Group Holdings Ltd. is a Singapore-based financial services group and the parent company of DBS Bank. Established in 1968 as the Development Bank of Singapore, the group has grown into a major banking organization serving individuals, businesses and institutions across Asia.

DBS provides consumer and institutional banking services, including deposits, mortgages, personal and business loans, payments, cash management, trade finance and corporate lending. Its wealth management business offers investment products, advisory services and private banking, while its treasury and markets operations provide foreign exchange, fixed-income, capital-markets and related services.