SoftBank Group Corp. (OTCMKTS:SFTBF) Sees Large Growth in Short Interest

SoftBank Group Corp. (OTCMKTS:SFTBF) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 1,504,400 shares, an increase of 33.9% from the October 31st total of 1,123,600 shares. Based on an average daily volume of 3,600 shares, the short-interest ratio is presently 417.9 days.

SoftBank Group Stock Performance

OTCMKTS:SFTBF remained flat at $58.37 during trading hours on Friday. The company’s stock had a trading volume of 776 shares, compared to its average volume of 9,789. SoftBank Group has a 52 week low of $38.39 and a 52 week high of $75.20. The business’s 50-day simple moving average is $58.70 and its two-hundred day simple moving average is $59.40.

SoftBank Group Company Profile

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.