DBS Group Holdings Ltd (OTCMKTS:DBSDY) Short Interest Up 481.4% in March

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 25,000 shares, a growth of 481.4% from the February 28th total of 4,300 shares. Based on an average trading volume of 80,000 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

DBS Group Price Performance

DBSDY traded up $0.60 during midday trading on Thursday, reaching $138.62. 63,270 shares of the company were exchanged, compared to its average volume of 40,675. The stock’s 50-day simple moving average is $133.94 and its 200 day simple moving average is $127.18. DBS Group has a one year low of $93.23 and a one year high of $145.35.

DBS Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 8th will be issued a dividend of $1.8021 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This is a boost from DBS Group’s previous dividend of $1.64.

Analysts Set New Price Targets

Separately, Citigroup raised DBS Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 3rd.

DBS Group Company Profile

DBS Group Holdings Ltd provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. The company’s 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.