State Bank of India (OTCMKTS:SBKFF – Get Free Report) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 3,922 shares, a decline of 78.7% from the July 15th total of 18,373 shares. Based on an average trading volume of 305 shares, the days-to-cover ratio is currently 12.9 days.
State Bank of India Stock Down 5.3%
SBKFF stock traded down $6.07 on Friday, hitting $107.39. The company’s stock had a trading volume of 9,856 shares, compared to its average volume of 708. The firm has a 50 day moving average of $109.30 and a two-hundred day moving average of $114.06. State Bank of India has a 1 year low of $90.21 and a 1 year high of $140.06.
State Bank of India Company Profile
State Bank of India (OTCMKTS: SBKFF) is India’s largest public sector bank and one of the country’s oldest financial institutions. Tracing its roots to the early 19th century as the Bank of Calcutta, it was reorganized as the Imperial Bank of India in 1921 and later nationalized and renamed in 1955 by the Government of India. Headquartered in Mumbai, the bank serves as the flagship entity of the State Bank Group, which includes several regional and associate banks consolidated under its umbrella.
The bank offers a comprehensive suite of financial products and services that span retail banking, corporate banking, and treasury operations.
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