Short Interest in SoftBank Corp. (OTCMKTS:SOBKY) Declines By 83.9%

SoftBank Corp. (OTCMKTS:SOBKY) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 7,300 shares, a drop of 83.9% from the February 13th total of 45,400 shares. Based on an average daily volume of 129,500 shares, the short-interest ratio is currently 0.1 days.

SoftBank Trading Down 1.3 %

SoftBank stock traded down $0.18 during midday trading on Thursday, reaching $14.07. 60,688 shares of the company’s stock were exchanged, compared to its average volume of 116,115. The stock’s 50-day simple moving average is $13.26 and its 200 day simple moving average is $13.10. SoftBank has a 52 week low of $11.48 and a 52 week high of $15.00.

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.