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

SoftBank Group Corp. (OTCMKTS:SFTBF) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 1,667,200 shares, an increase of 89.6% from the January 15th total of 879,200 shares. Based on an average trading volume of 41,200 shares, the days-to-cover ratio is currently 40.5 days.

SoftBank Group Trading Down 3.0 %

Shares of OTCMKTS SFTBF traded down $1.89 during mid-day trading on Friday, hitting $60.04. 1,056 shares of the stock traded hands, compared to its average volume of 17,291. SoftBank Group has a twelve month low of $46.94 and a twelve month high of $75.20. The firm has a 50 day simple moving average of $60.14 and a two-hundred day simple moving average of $58.40.

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.