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

DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 22,952 shares, a growth of 390.5% from the July 30th total of 4,679 shares. Based on an average daily trading volume, of 49,686 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

DBS Group Trading Down 1.1%

OTCMKTS:DBSDY opened at $240.10 on Thursday. The business has a 50 day moving average of $224.00 and a 200 day moving average of $198.07. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.83 and a current ratio of 0.83. DBS Group has a 1-year low of $149.44 and a 1-year high of $251.59.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DBSDY. Zacks Research upgraded DBS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Macquarie Infrastructure upgraded shares of DBS Group to a “hold” rating in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, DBS Group currently has an average 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.