DBS Group Holdings Ltd (OTCMKTS:DBSDY) Short Interest Up 390.5% in August

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the recipient of a large growth in short interest during the month of 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 company are short sold.

DBS Group Stock Up 2.1%

Shares of DBS Group stock opened at $242.66 on Wednesday. DBS Group has a 12-month low of $149.44 and a 12-month high of $244.19. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.83. The company’s 50-day moving average price is $223.23 and its 200-day moving average price is $197.70.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DBSDY shares. Zacks Research raised DBS Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Macquarie Infrastructure upgraded shares of DBS Group to a “hold” rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock 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.