Short Interest in SoftBank Group Corp. (OTCMKTS:SFTBF) Drops By 17.4%

SoftBank Group Corp. (OTCMKTS:SFTBF) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,123,600 shares, a decrease of 17.4% from the October 15th total of 1,360,100 shares. Based on an average daily trading volume, of 1,100 shares, the days-to-cover ratio is currently 1,021.5 days.

SoftBank Group Stock Performance

Shares of SFTBF remained flat at $56.56 during mid-day trading on Friday. 166 shares of the stock were exchanged, compared to its average volume of 10,141. The business’s fifty day moving average price is $58.99 and its 200 day moving average price is $58.96. SoftBank Group has a one year low of $38.39 and a one year high of $75.20.

SoftBank Group Company Profile

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.