DBS Group Holdings Ltd (OTCMKTS:DBSDY - Get Free Report) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 4,200 shares, a decline of 56.7% from the January 15th total of 9,700 shares. Based on an average daily trading volume, of 80,900 shares, the days-to-cover ratio is presently 0.1 days.
Shares of OTCMKTS DBSDY traded down $0.35 during trading hours on Friday, hitting $133.95. The stock had a trading volume of 31,609 shares, compared to its average volume of 40,847. The firm's 50-day moving average price is $129.61 and its two-hundred day moving average price is $121.26. DBS Group has a 52 week low of $88.25 and a 52 week high of $139.90.
Separately, Citigroup raised DBS Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 3rd.
View Our Latest Analysis on DBSDY
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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