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

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.

DBS Group Holdings Ltd (OTCMKTS:DBSDY - ) was the target of a large growth in short interest in August. As of August 15th, there was short interest totaling 32,800 shares, agrowthof79.2% 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 currently 0.4 days. Based on an average trading volume of 81,700 shares, the days-to-cover ratio is currently 0.4 days.

DBS Group Trading Up 0.8%

Shares of DBSDY stock traded up $1.19 during mid-day trading on Friday, hitting $158.48. The company's stock had a trading volume of 23,638 shares, compared to its average volume of 45,860. DBS Group has a 52-week low of $109.33 and a 52-week high of $162.45. The business has a 50-day moving average price of $151.20 and a 200 day moving average price of $139.92. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.00.

DBS Group Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th were paid a $0.4671 dividend. This is a boost from DBS Group's previous dividend of $0.45. This represents a dividend yield of 498.0%. The ex-dividend date was Monday, August 18th.

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.

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