DBS Group Holdings Ltd (OTCMKTS:DBSDY) Short Interest Down 64.9% in September

Key Points

• DBS Group Holdings Ltd experienced a significant 64.9% decrease in short interest in September, dropping from 37,900 shares to 13,300 shares.
• The company announced a dividend increase, with a new dividend of $0.4671 per share, reflecting a yield of 498.0% compared to the previous dividend of $0.45.
• As of September 15th, the average daily trading volume was 133,700 shares, resulting in a short-interest ratio of just 0.1 days.

DBS Group Holdings Ltd (OTCMKTS:DBSDY - ) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 13,300 shares, a decline of 64.9% from the August 31st total of 37,900 shares. Based on an average daily volume of 133,700 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 133,700 shares, the short-interest ratio is currently 0.1 days.

DBS Group Stock Performance

Shares of DBSDY stock opened at $160.70 on Thursday. The business has a 50-day moving average of $156.69 and a 200 day moving average of $142.74. DBS Group has a 1-year low of $109.33 and a 1-year high of $165.39.

DBS Group Increases Dividend

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

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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