SoftBank Corp. (OTCMKTS:SOBKY – Get Free Report) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 26,149 shares, a decline of 79.4% from the October 15th total of 127,028 shares. Based on an average trading volume of 159,660 shares, the short-interest ratio is presently 0.2 days.
SoftBank Stock Performance
Shares of OTCMKTS SOBKY traded up $0.12 during mid-day trading on Thursday, reaching $14.76. 85,718 shares of the company traded hands, compared to its average volume of 180,348. The company’s fifty day moving average is $15.35 and its two-hundred day moving average is $14.13. SoftBank has a fifty-two week low of $12.44 and a fifty-two week high of $16.42.
About SoftBank
SoftBank Group Corp. is a Japan-based investment holding company founded in 1981 by Masayoshi Son. The company began as a distributor of computer software and expanded into telecommunications, internet services and technology investments. It is headquartered in Tokyo and has business and investment activities spanning Japan, the United States, Europe, Asia and other international markets. SoftBank Group manages a broad portfolio of technology-related businesses and investments through its investment subsidiaries and funds.
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