Short Interest in State Bank of India (OTCMKTS:SBKFF) Increases By 75.1%

State Bank of India (OTCMKTS:SBKFF) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 28,339 shares, an increase of 75.1% from the April 30th total of 16,185 shares. Based on an average daily volume of 372 shares, the days-to-cover ratio is presently 76.2 days.

State Bank of India Price Performance

Shares of OTCMKTS:SBKFF opened at $97.16 on Thursday. The firm has a fifty day simple moving average of $108.44 and a two-hundred day simple moving average of $113.27. State Bank of India has a 52 week low of $85.21 and a 52 week high of $140.06.

State Bank of India Company Profile

State Bank of India (OTCMKTS: SBKFF) is India’s largest public sector bank and one of the country’s oldest financial institutions. Tracing its roots to the early 19th century as the Bank of Calcutta, it was reorganized as the Imperial Bank of India in 1921 and later nationalized and renamed in 1955 by the Government of India. Headquartered in Mumbai, the bank serves as the flagship entity of the State Bank Group, which includes several regional and associate banks consolidated under its umbrella.

The bank offers a comprehensive suite of financial products and services that span retail banking, corporate banking, and treasury operations.