DBS Group Holdings Ltd (OTCMKTS:DBSDY – Get 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
About DBS Group
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.
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