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

SoftBank Corp. (OTCMKTS:SOBKY) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 27,900 shares, an increase of 46.1% from the August 15th total of 19,100 shares. Based on an average trading volume of 57,300 shares, the days-to-cover ratio is currently 0.5 days.

SoftBank Trading Down 0.5 %

Shares of SOBKY stock traded down $0.07 on Friday, hitting $14.08. The company’s stock had a trading volume of 26,963 shares, compared to its average volume of 58,138. SoftBank has a fifty-two week low of $10.83 and a fifty-two week high of $14.38. The stock’s 50 day moving average is $13.19 and its 200-day moving average is $12.72.

About SoftBank

SoftBank Corp., together with its subsidiaries, engages in the telecommunication and information technology businesses in Japan. It operates through Consumer, Broadband, Electricity, Yahoo/LINE Business, Financial, and Other Business segments. The Consumer segment offers mobile services under the SoftBank, Y!mobile, LINE MOBILE, and LINEMO brands.