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

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 25,300 shares, a growth of 90.2% from the September 15th total of 13,300 shares. Based on an average trading volume of 103,400 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 103,400 shares, the days-to-cover ratio is presently 0.2 days.

DBS Group Stock Performance

DBS Group stock opened at $163.22 on Tuesday. The company’s 50-day moving average is $159.83 and its 200-day moving average is $145.39. DBS Group has a fifty-two week low of $109.33 and a fifty-two week high of $170.92.

DBS Group Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 4th. Investors of record on Tuesday, August 19th were paid a $0.4671 dividend. This is an increase from DBS Group’s previous dividend of $0.45. The ex-dividend date was Monday, August 18th. This represents a yield of 498.0%.

About DBS Group

DBS Group Holdings Ltd provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. The company’s Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products for individual customers.