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

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 2,214 shares, a decline of 85.1% from the May 31st total of 14,889 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 79,157 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Macquarie Infrastructure raised shares of DBS Group to a “hold” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy”.

DBS Group Stock Down 0.6%

DBSDY stock traded down $1.32 during trading on Friday, reaching $202.50. The stock had a trading volume of 47,382 shares, compared to its average volume of 36,982. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a fifty day moving average price of $191.73 and a 200 day moving average price of $183.25. DBS Group has a 1-year low of $139.54 and a 1-year high of $206.99.

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.