DBS Group Holdings Ltd (OTCMKTS:DBSDY) Sees 33.8% Decrease in Short Interest

DBS Group Holdings Ltd (OTCMKTS:DBSDY) experienced a notable decline in short interest for the month of February. By February 28th, the total short interest stood at 4,300 shares, which reflects a reduction of 33.8% from the total of 6,500 shares recorded on February 13th. Given the average daily trading volume of 72,900 shares, the current days-to-cover ratio is approximately 0.1 days. At the moment, short sold shares account for about 0.0% of the total shares outstanding.

Analyst Ratings Updates

In a recent development, Citigroup upgraded the stock of DBS Group from a "hold" rating to a "strong-buy" rating in a research report issued on January 3rd.

Recent Trading Activity

As for recent trading, DBS Group's stock rose by 0.6% during midday trading on Friday, increasing by $0.79 to reach $133.27. The trading volume for the day was noted at 26,632 shares, compared to the average volume of 40,197 shares. Over the past year, the stock has seen a low of $92.94 and a high of $143.99. The 50-day moving average price is currently $132.89, while the 200-day moving average price is $125.69.

Dividend Announcement

Additionally, the company announced an upcoming dividend payment scheduled for April 28th. Shareholders who are on record by April 8th will receive a dividend of $1.8021 per share, an increase from the previous dividend payout of $1.64. The ex-dividend date is also set for April 8th.

About DBS Group Holdings

DBS Group Holdings Ltd offers a range of commercial banking and financial services across Singapore, Hong Kong, the rest of Greater China, South and Southeast Asia, as well as internationally. The company's Consumer Banking and Wealth Management segment provides banking services and products, including current and savings accounts, loans, investment options, and insurance to individual customers.

Investment Considerations

Before considering an investment in DBS Group, it is advisable to review the stock recommendations made by top analysts in the market. While DBS Group has a "Strong Buy" rating, there may be alternative stocks that top analysts are currently favoring.

DBS, Shares, Trading