State Bank of India (OTCMKTS:SBKFF – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 11,536 shares, an increase of 193.2% from the September 30th total of 3,935 shares. Based on an average trading volume of 42 shares, the short-interest ratio is currently 274.7 days.
State Bank of India Stock Performance
Shares of OTCMKTS:SBKFF opened at $101.60 on Friday. The firm has a 50 day moving average of $103.31 and a 200-day moving average of $111.27. State Bank of India has a 12 month low of $95.90 and a 12 month high of $140.06.
Institutional Investors Weigh In On State Bank of India
An institutional investor recently bought a new stake in State Bank of India stock. Aubrey Capital Management Ltd bought a new position in shares of State Bank of India (OTCMKTS:SBKFF – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,299 shares of the company’s stock, valued at approximately $1,333,000. Institutional investors and hedge funds own 1.74% of the company’s stock.
About State Bank of India
State Bank of India (OTCMKTS:SBKFF) is an Indian public-sector banking and financial services company headquartered in Mumbai, India. It provides a broad range of services to individuals, businesses, institutions and government customers through its extensive domestic banking network.
The bank’s offerings include personal and commercial deposits, loans, mortgages, credit cards, payments, wealth management, corporate and investment banking, treasury services and international banking. Through subsidiaries and affiliated businesses, State Bank of India also participates in areas such as life insurance, general insurance, asset management, securities and investment banking.
State Bank of India traces its origins to the Imperial Bank of India and was established in its current form in 1955 under the State Bank of India Act.
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