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

SoftBank Corp. (OTCMKTS:SOBKY) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 51,600 shares, an increase of 48.7% from the April 30th total of 34,700 shares. Based on an average daily trading volume, of 135,900 shares, the days-to-cover ratio is currently 0.4 days.

SoftBank Stock Up 0.5 %

SOBKY traded up $0.06 on Friday, hitting $11.97. The company had a trading volume of 95,902 shares, compared to its average volume of 65,031. The company’s fifty day moving average price is $12.27 and its 200 day moving average price is $12.55. SoftBank has a 1-year low of $10.21 and a 1-year high of $13.81.

About SoftBank

SoftBank Corp., together with its subsidiaries, engages in the telecommunication and information technology businesses in Japan. It operates through Consumer, Broadband, Electricity, Yahoo/LINE Business, Financial, and Other Business segments. The Consumer segment offers mobile services under the SoftBank, Y!mobile, LINE MOBILE, and LINEMO brands.