DBS Group Holdings Ltd (OTCMKTS:DBSDY) Sees Significant Drop in Short Interest

DBS Group Holdings Ltd (OTCMKTS:DBSDY) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,300 shares, a drop of 94.8% from the November 15th total of 24,800 shares. Based on an average trading volume of 87,800 shares, the short-interest ratio is presently 0.0 days.

DBS Group Stock Performance

Shares of OTCMKTS DBSDY traded up $0.51 during trading hours on Wednesday, hitting $130.70. 24,463 shares of the company traded hands, compared to its average volume of 43,950. The company’s 50 day moving average price is $122.78 and its 200 day moving average price is $114.20. DBS Group has a 12 month low of $82.82 and a 12 month high of $137.25.

DBS Group Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a $1.6365 dividend. The ex-dividend date was Monday, November 18th. This is an increase from DBS Group’s previous dividend of $1.58.

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.