Short Interest in DBS Group Holdings Ltd (OTCMKTS:DBSDY) Rises By 407.9%

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 16,145 shares, a growth of 407.9% from the April 30th total of 3,179 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 75,536 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Macquarie Infrastructure upgraded shares of DBS Group to a “hold” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, DBS Group presently has a consensus rating of “Buy”.

DBS Group Price Performance

DBSDY stock traded up $2.23 during midday trading on Friday, hitting $196.76. 16,041 shares of the stock were exchanged, compared to its average volume of 58,241. The stock’s 50-day moving average price is $183.10 and its 200-day moving average price is $178.45. DBS Group has a fifty-two week low of $132.00 and a fifty-two week high of $201.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.83 and a current ratio of 0.83.

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.