SoftBank Corp. (OTCMKTS:SOBKY – Get Free Report) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 127,028 shares, a drop of 80.2% from the September 30th total of 640,145 shares. Based on an average daily volume of 198,979 shares, the short-interest ratio is presently 0.6 days.
SoftBank Trading Down 2.4%
Shares of SoftBank stock traded down $0.36 during trading on Wednesday, hitting $14.68. 3,435 shares of the company’s stock traded hands, compared to its average volume of 184,661. SoftBank has a 1 year low of $12.44 and a 1 year high of $16.42. The business has a 50-day simple moving average of $15.34 and a 200-day simple moving average of $14.06.
SoftBank Company Profile
SoftBank Group Corp. is a Japan-based investment holding company founded by Masayoshi Son in 1981. The company began as a distributor of computer software and expanded into telecommunications, internet services and technology investments. Today, SoftBank Group primarily operates as a strategic investment company focused on businesses and technologies that support the information revolution.
Through its investment activities, SoftBank provides capital to companies in areas such as artificial intelligence, internet services, communications, enterprise software, semiconductors and robotics.
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