SoftBank Corp. (OTCMKTS:SOBKY – Get Free Report) was the target of a large 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 Trading Down 2.7%
SOBKY opened at $15.24 on Thursday. The stock has a 50-day moving average of $14.98 and a 200-day moving average of $14.03. SoftBank has a 52-week low of $12.44 and a 52-week high of $16.42.
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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