SoftBank Group Corp. (OTCMKTS:SFTBF) Sees Large Growth in Short Interest

SoftBank Group Corp. (OTCMKTS:SFTBF) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,504,400 shares, a growth of 33.9% from the October 31st total of 1,123,600 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is presently 417.9 days.

SoftBank Group Price Performance

OTCMKTS:SFTBF remained flat at $58.37 during trading hours on Friday. The company had a trading volume of 776 shares, compared to its average volume of 9,789. The company has a 50-day simple moving average of $58.70 and a two-hundred day simple moving average of $59.40. SoftBank Group has a 52-week low of $38.39 and a 52-week 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.