DBS Group Holdings Ltd (OTCMKTS:DBSDY) Short Interest Down 85.1% in June

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2,214 shares, a decrease of 85.1% from the May 31st total of 14,889 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 79,157 shares, the days-to-cover ratio is currently 0.0 days.

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 research 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, DBS Group currently has a consensus rating of “Buy”.

DBS Group Stock Down 0.6%

Shares of DBS Group stock opened at $202.50 on Friday. DBS Group has a 12-month low of $139.54 and a 12-month high of $206.99. The company’s fifty day simple moving average is $191.73 and its two-hundred day simple moving average is $183.25. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.83.

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.