DBS Group Holdings Ltd (OTCMKTS:DBSDY) Shares Shorted: Short Interest Down 73.6% in September

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 7,037 shares, a decline of 73.6% from the August 31st total of 26,630 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 82,027 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

DBS Group Stock Up 0.9%

OTCMKTS:DBSDY opened at $244.38 on Friday. DBS Group has a one year low of $155.59 and a one year high of $253.51. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.15. The firm’s 50 day simple moving average is $238.17 and its 200 day simple moving average is $207.63.

DBS Group Company Profile

DBS Group Holdings Ltd. is a Singapore-based financial services group and the parent company of DBS Bank. Established in 1968 as the Development Bank of Singapore, the group has grown into a major banking organization serving individuals, businesses and institutions across Asia.

DBS provides consumer and institutional banking services, including deposits, mortgages, personal and business loans, payments, cash management, trade finance and corporate lending. Its wealth management business offers investment products, advisory services and private banking, while its treasury and markets operations provide foreign exchange, fixed-income, capital-markets and related services.