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

SoftBank Group Corp. (OTCMKTS:SFTBF) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,504,400 shares, a growth 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 currently 417.9 days.

SoftBank Group Stock Performance

SFTBF remained flat at $58.37 during trading on Friday. The company 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 firm’s fifty day moving average price is $58.70 and its 200-day moving average price is $59.40.

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.