DBS Group Holdings Ltd (OTCMKTS:DBSDY – Get Free Report) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 22,952 shares, a growth of 390.5% from the July 30th total of 4,679 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 49,686 shares, the days-to-cover ratio is currently 0.5 days.
DBS Group Stock Down 0.7%
DBS Group stock opened at $238.37 on Friday. The firm has a 50 day simple moving average of $224.68 and a 200 day simple moving average of $198.42. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.15. DBS Group has a 1-year low of $149.44 and a 1-year high of $251.59.
Analyst Upgrades and Downgrades
DBSDY has been the topic of a number of research analyst reports. Zacks Research upgraded shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Macquarie Infrastructure upgraded DBS Group to a “hold” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, DBS Group has an average rating of “Buy”.
DBS Group Company Profile
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.
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