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

DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw a significant growth in short interest in 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 volume of 75,536 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

DBS Group Stock Up 0.8%

Shares of OTCMKTS DBSDY traded up $1.59 during mid-day trading on Friday, hitting $196.12. 26,870 shares of the stock traded hands, compared to its average volume of 36,118. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.15. DBS Group has a 52 week low of $132.00 and a 52 week high of $201.10. The stock has a fifty day moving average price of $183.47 and a 200-day moving average price of $178.57.

Wall Street Analyst Weigh In

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

About DBS Group

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.