Short Interest in DBS Group Holdings Ltd (OTCMKTS:DBSDY) Grows By 243.2%

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 7,599 shares, a growth of 243.2% from the June 15th total of 2,214 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 70,513 shares, the days-to-cover ratio is presently 0.1 days.

DBS Group Price Performance

OTCMKTS DBSDY traded up $4.45 during trading hours on Tuesday, hitting $223.12. The company had a trading volume of 28,167 shares, compared to its average volume of 53,309. The business has a 50 day moving average of $198.61 and a 200-day moving average of $186.45. DBS Group has a 1-year low of $142.00 and a 1-year high of $224.96. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.83 and a current ratio of 0.83.

Analyst Upgrades and Downgrades

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