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

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 900 shares, a drop of 80.9% from the September 30th total of 4,700 shares. Based on an average daily volume of 39,900 shares, the days-to-cover ratio is presently 0.0 days.

DBS Group Stock Down 0.1 %

DBSDY stock traded down $0.12 during mid-day trading on Friday, reaching $118.41. 24,773 shares of the company traded hands, compared to its average volume of 44,867. The company has a fifty day moving average price of $115.98 and a 200-day moving average price of $109.00. DBS Group has a 52-week low of $82.82 and a 52-week high of $126.99.

DBS Group Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were issued a dividend of $1.5768 per share. The ex-dividend date of this dividend was Monday, August 19th. This is a positive change from DBS Group’s previous dividend of $1.55.

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.