DBS Group Holdings Ltd (OTCMKTS:DBSDY) Stock Short Interest Climbs 72.5%

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 11,516 shares, a growth of 72.5% from the September 30th total of 6,676 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 74,509 shares, the short-interest ratio is currently 0.2 days.

DBS Group Price Performance

DBSDY opened at $224.76 on Tuesday. The stock’s 50-day moving average price is $238.40 and its 200 day moving average price is $206.59. DBS Group has a 12-month low of $156.50 and a 12-month high of $255.39.

Analyst Ratings Changes

Separately, Zacks Research lowered DBS Group from a “strong-buy” rating to a “hold” rating in a report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

DBS Group Company Profile

DBS Group Holdings Ltd. is a Singapore-based financial services group and the parent company of DBS Bank Ltd. Established in 1968 as the Development Bank of Singapore, the group has grown into a major Asian banking institution serving individuals, businesses, corporations and institutional clients.

DBS provides consumer and commercial banking, wealth management, investment banking, treasury and markets, and transaction banking services. Its offerings include deposits, loans, credit cards, mortgages, investment products, insurance, cash-management solutions, trade finance and corporate advisory services.