SoftBank Corp. (OTCMKTS:SFBQF) Sees Significant Decrease in Short Interest

SoftBank Corp. (OTCMKTS:SFBQF) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 33,868,700 shares, a decrease of 19.6% from the January 31st total of 42,100,600 shares. Based on an average daily trading volume, of 41,200 shares, the days-to-cover ratio is currently 822.1 days.

SoftBank Stock Performance

OTCMKTS:SFBQF traded up $0.08 during midday trading on Tuesday, reaching $1.46. The stock had a trading volume of 12,824 shares, compared to its average volume of 53,576. SoftBank has a 1-year low of $1.13 and a 1-year high of $1.59. The firm’s fifty day simple moving average is $1.31 and its 200-day simple moving average is $1.31.

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.