SoftBank Group Corp. (OTCMKTS:SFTBF) Short Interest Update

SoftBank Group Corp. (OTCMKTS:SFTBF) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 798,700 shares, a drop of 31.0% from the September 15th total of 1,158,200 shares. Based on an average daily volume of 7,400 shares, the short-interest ratio is currently 107.9 days.

SoftBank Group Price Performance

Shares of SFTBF traded up $1.03 during midday trading on Monday, reaching $59.44. The stock had a trading volume of 1,122 shares, compared to its average volume of 11,053. The company’s 50-day moving average is $56.68 and its 200 day moving average is $57.95. SoftBank Group has a 12-month low of $36.65 and a 12-month high of $75.20.

Institutional Trading of SoftBank Group

A hedge fund recently bought a new stake in SoftBank Group stock. Atlas Capital Advisors LLC bought a new position in SoftBank Group Corp. (OTCMKTS:SFTBF) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,000 shares of the company’s stock, valued at approximately $178,000. Institutional investors own 25.02% of the company’s stock.

About SoftBank Group

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.