Short Interest in DBS Group Holdings Ltd (OTCMKTS:DBSDY) Drops By 35.7%

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 4,886 shares, a decline of 35.7% from the June 30th total of 7,599 shares. Based on an average trading volume of 63,400 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

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

DBS Group Stock Performance

OTCMKTS:DBSDY traded down $3.27 on Friday, hitting $230.11. 6,903 shares of the company’s stock traded hands, compared to its average volume of 51,074. 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 1 year low of $142.00 and a 1 year high of $238.04. The firm has a 50-day moving average price of $208.71 and a 200-day moving average price of $191.01.

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.