SoftBank Group Corp. (OTCMKTS:SFTBF – Get Free Report) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totalling 1,576,500 shares, a decrease of 20.0% from the June 30th total of 1,970,600 shares. Based on an average daily volume of 12,800 shares, the short-interest ratio is presently 123.2 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in SoftBank Group stock. Atlas Capital Advisors LLC purchased a new position in SoftBank Group Corp. (OTCMKTS:SFTBF – Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,000 shares of the company’s stock, valued at approximately $178,000. 25.02% of the stock is owned by institutional investors and hedge funds.
SoftBank Group Stock Down 4.3 %
Shares of SFTBF stock traded down $2.68 on Monday, hitting $59.75. 1,000 shares of the stock traded hands, compared to its average volume of 9,073. SoftBank Group has a 52 week low of $36.65 and a 52 week high of $75.20. The firm has a 50 day simple moving average of $63.23 and a two-hundred day simple moving average of $56.63.
About SoftBank Group
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.
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