DBS Group Holdings Ltd (OTCMKTS:DBSDY – Get Free Report) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 7,037 shares, a decline of 73.6% from the August 31st total of 26,630 shares. Based on an average daily volume of 82,027 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
DBS Group Price Performance
Shares of DBSDY traded up $2.27 on Friday, hitting $244.38. The company’s stock had a trading volume of 28,149 shares, compared to its average volume of 46,768. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. DBS Group has a fifty-two week low of $155.59 and a fifty-two week high of $253.51. The company has a 50 day moving average price of $238.17 and a 200 day moving average price of $207.63.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. 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, the company presently has an average rating of “Buy”.
DBS Group Company Profile
DBS Group Holdings Ltd. is a Singapore-based financial services group and the parent company of DBS Bank. Established in 1968 as the Development Bank of Singapore, the group has grown into a major banking organization serving individuals, businesses and institutions across Asia.
DBS provides consumer and institutional banking services, including deposits, mortgages, personal and business loans, payments, cash management, trade finance and corporate lending. Its wealth management business offers investment products, advisory services and private banking, while its treasury and markets operations provide foreign exchange, fixed-income, capital-markets and related services.
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