DBS Group Holdings Ltd (OTCMKTS:DBSDY – Get Rating) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 12,100 shares, a decline of 22.9% from the February 13th total of 15,700 shares. Based on an average daily volume of 69,100 shares, the days-to-cover ratio is currently 0.2 days.
DBS Group Stock Performance
Shares of OTCMKTS:DBSDY traded down $0.30 during trading on Tuesday, reaching $96.47. 40,039 shares of the company traded hands, compared to its average volume of 36,307. The company's 50 day moving average is $104.59 and its two-hundred day moving average is $99.59. DBS Group has a 52 week low of $81.68 and a 52 week high of $110.10.
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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
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DBS Group Holdings Ltd. is an investment company, which provides retail, small and medium-sized enterprise, corporate, and investment banking services. It operates through the following business segments: Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others. The Consumer Banking/Wealth Management segment provides services including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products.
Further Reading
- Get a free copy of the StockNews.com research report on DBS Group (DBSDY)
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