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DBS Group Holdings Ltd (OTCMKTS:DBSDY) Short Interest Up 79.2% in August

DBS Group logo with Finance background

Key Points

  • Short interest for DBS Group Holdings Ltd rose significantly by 79.2%, with totals reaching 32,800 shares as of August 15th, compared to 18,300 shares at the end of July.
  • The company increased its dividend to $0.4671 from the previous $0.45, resulting in a substantial dividend yield of 498.0%.
  • DBS Group's stock has shown trading variability, with a 52-week low of $109.33 and high of $162.45, while it recently traded up 0.8% to $158.48.
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DBS Group Holdings Ltd (OTCMKTS:DBSDY - Get Free Report) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 32,800 shares, an increase of 79.2% from the July 31st total of 18,300 shares. Based on an average trading volume of 81,700 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 81,700 shares, the days-to-cover ratio is presently 0.4 days.

DBS Group Stock Performance

Shares of DBS Group stock traded down $0.31 on Thursday, hitting $164.64. 69,094 shares of the company's stock traded hands, compared to its average volume of 46,083. DBS Group has a 52-week low of $109.33 and a 52-week high of $165.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87. The firm's 50-day moving average is $152.40 and its 200 day moving average is $140.40.

DBS Group Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, September 4th. Shareholders of record on Tuesday, August 19th were paid a dividend of $0.4671 per share. The ex-dividend date was Monday, August 18th. This is a positive change from DBS Group's previous dividend of $0.45. This represents a yield of 498.0%.

DBS Group Company Profile

(Get Free Report)

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.

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