DBS Group Holdings Ltd (OTCMKTS:DBSDY) Sees Major Reduction in Short Interest for February

DBS Group Holdings Ltd (OTCMKTS:DBSDY - Get Free Report) experienced a substantial decrease in short interest during the month of February. As of February 28th, the recorded short interest stood at 4,300 shares. This represents a noteworthy drop of 33.8% from the total of 6,500 shares reported on February 13th. With an average daily trading volume of 72,900 shares, the current short-interest ratio is only 0.1 days. In terms of shares sold short, about 0.0% of the total shares are currently in short positions.

Analyst Upgrades

In a separate development, Citigroup recently upgraded its rating on shares of DBS Group from a "hold" to a "strong-buy" in a research note released on January 3rd.

DBS Group Stock Performance

On a positive note, DBS Group's stock was up by 0.6% during midday trading on the past Friday, reaching $133.27. The trading volume that day was recorded at 26,632 shares, which is lower than the average volume of 40,197 shares. Over the past year, DBS Group's stock has fluctuated, hitting a low of $92.94 and a high of $143.99. The 50-day moving average price stands at $132.89, while the 200-day moving average price is $125.69.

Dividend Announcement

Moreover, DBS Group has announced an increase in its dividend, with payments scheduled for Monday, April 28th. Shareholders of record on Tuesday, April 8th will receive a dividend of $1.8021 per share, which is an increase from the previous dividend of $1.64. The ex-dividend date will also be Tuesday, April 8th.

Overview of DBS Group

DBS Group Holdings Ltd is involved in providing a range of commercial banking and financial services across various regions, including Singapore, Hong Kong, Greater China, South and Southeast Asia, and beyond. The company operates a Consumer Banking and Wealth Management segment that offers a variety of financial services. These include current and savings accounts, fixed deposits, personal loans, home financing, payment solutions, investments, and insurance products for individual customers.

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Investment Consideration

If you are thinking about investing $1,000 in DBS Group, it is important to conduct thorough research. While the company currently has a Strong Buy rating from analysts, some top-rated analysts are directing attention towards other stocks that they believe may offer better investment opportunities.

Explore more insights on the five recommended stocks here.

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