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

Key Points

• Short interest in DBS Group Holdings Ltd surged by 90.2% in September, totaling 25,300 shares compared to 13,300 shares mid-month.
• The company's stock price recently rose by 1.0%, opening at $163.22, and has fluctuated between $109.33 and $170.92 over the past year.
• DBS Group announced an increase in its dividend to $0.4671 per share, reflecting a significant boost from the previous dividend.

DBS Group Holdings Ltd (OTCMKTS:DBSDY - ) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 25,300 shares, an increase of 90.2% from the September 15th total of 13,300 shares. Based on an average daily trading volume, of 103,400 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 103,400 shares, the short-interest ratio is currently 0.2 days.

DBS Group Stock Up 1.0%

OTCMKTS DBSDY opened at $163.22 on Tuesday. The company has a 50 day moving average of $159.83 and a 200-day moving average of $145.39. DBS Group has a 1-year low of $109.33 and a 1-year high of $170.92.

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 issued a dividend of $0.4671 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a yield of 498.0%. This is a boost from DBS Group's previous dividend of $0.45.

DBS Group Company Profile

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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