DBS Group Holdings Ltd (OTCMKTS:DBSDY) Short Interest Update

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 7,599 shares, an increase of 243.2% from the June 15th total of 2,214 shares. Based on an average daily volume of 70,513 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

DBS Group Price Performance

DBSDY opened at $219.01 on Monday. 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 12 month low of $141.51 and a 12 month high of $220.08. The stock has a fifty day moving average price of $197.95 and a 200-day moving average price of $186.15.

Wall Street Analyst Weigh In

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