DBS Group Holdings Ltd (OTCMKTS:DBSDY) Sees Large Growth in Short Interest

DBS Group Holdings Ltd (OTCMKTS:DBSDY) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 22,364 shares, a growth of 94.2% from the October 15th total of 11,516 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 71,283 shares, the short-interest ratio is currently 0.3 days.

Analyst Ratings Changes

Separately, Zacks Research downgraded DBS Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

DBS Group Trading Down 0.2%

OTCMKTS DBSDY traded down $0.38 on Friday, hitting $219.20. 47,017 shares of the stock were exchanged, compared to its average volume of 67,875. DBS Group has a 52-week low of $156.83 and a 52-week high of $255.39. The company’s 50-day moving average price is $234.45 and its two-hundred day moving average price is $208.23.

DBS Group Company Profile

DBS Group Holdings is a Singapore-based financial services group whose principal subsidiary is DBS Bank. Established in 1968 as the Development Bank of Singapore, it was created to support the country’s industrial development and has since grown into a major banking group in Asia. The company provides consumer and business banking, wealth management, corporate and investment banking, treasury services, and transaction banking. Its offerings include deposits, loans, credit cards, investment products, and cash-management and trade-finance services.