DBS Group Holdings Ltd (OTCMKTS:DBSDY – Get Rating) was the target of a large increase in short interest in December. As of December 30th, there was short interest totalling 4,800 shares, an increase of 4,700.0% from the December 15th total of 100 shares. Based on an average daily trading volume, of 86,900 shares, the short-interest ratio is currently 0.1 days.
DBS Group Stock Performance
Shares of DBSDY traded up $0.91 on Tuesday, reaching $106.00. The stock had a trading volume of 17,600 shares, compared to its average volume of 27,779. The firm has a 50-day moving average of $101.73 and a 200 day moving average of $95.66. DBS Group has a twelve month low of $81.68 and a twelve month high of $111.25.
Get DBS Group alerts:DBS Group Cuts Dividend
The company also recently declared a dividend, which was paid on Monday, December 5th. Investors of record on Friday, November 11th were issued a $0.9631 dividend. This represents a dividend yield of 4.01%. The ex-dividend date of this dividend was Thursday, November 10th.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. downgraded DBS Group from an "overweight" rating to a "neutral" rating in a research note on Tuesday, November 22nd.DBS Group Company Profile
(Get Rating)
DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others segments. The 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.
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