DBS Group Holdings Ltd (OTCMKTS:DBSDY) Sees Significant Decline in Short Interest

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

DBS Group Price Performance

Shares of DBS Group stock opened at $203.82 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.15. The firm’s 50-day moving average is $191.31 and its two-hundred day moving average is $183.12. DBS Group has a 1 year low of $139.21 and a 1 year high of $206.99.

Wall Street Analyst Weigh In

Separately, Macquarie Infrastructure upgraded DBS Group to a “hold” rating in a report 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. According to MarketBeat, DBS Group has a consensus 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.