SoftBank Corp. (OTCMKTS:SOBKY – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 161,309 shares, an increase of 76.5% from the August 31st total of 91,410 shares. Based on an average daily trading volume, of 349,015 shares, the days-to-cover ratio is presently 0.5 days.
SoftBank Stock Performance
SoftBank stock traded down $0.26 during midday trading on Wednesday, hitting $15.40. 1,467,737 shares of the company were exchanged, compared to its average volume of 193,087. SoftBank has a fifty-two week low of $12.44 and a fifty-two week high of $16.42. The company’s fifty day moving average price is $14.95 and its 200-day moving average price is $14.02.
SoftBank Company Profile
SoftBank Group Corp. is a Japanese holding and investment company with interests in telecommunications, technology, internet services and artificial intelligence. Through its subsidiaries and investment vehicles, the company supports and invests in businesses involved in mobile communications, broadband, software, e-commerce, semiconductors and other technology-related industries.
SoftBank was founded in Japan in 1981 by Masayoshi Son, who has long served as the company’s founder and chief executive.
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