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

DBS Group Holdings Ltd (OTCMKTS:DBSDYGet Rating) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 13,900 shares, a drop of 18.7% from the June 30th total of 17,100 shares. Based on an average daily volume of 142,700 shares, the days-to-cover ratio is currently 0.1 days.

DBS Group Stock Up 2.1 %

DBSDY stock opened at $94.24 on Thursday. The firm has a 50 day moving average of $87.96 and a 200-day moving average of $96.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.94 and a current ratio of 0.94. DBS Group has a 12 month low of $81.68 and a 12 month high of $111.25.

DBS Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 6th. Stockholders of record on Wednesday, May 11th were given a $0.9972 dividend. The ex-dividend date was Tuesday, May 10th. This represents a dividend yield of 3.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DBSDY shares. The Goldman Sachs Group lowered shares of DBS Group from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, May 10th. Daiwa Capital Markets upgraded shares of DBS Group from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 31st.

About DBS Group

(Get Rating)

DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others segments. The Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products for individual customers.

Featured Stories

Want More Great Investing Ideas?

Receive News & Ratings for DBS Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DBS Group and related companies with MarketBeat.com's FREE daily email newsletter.