SoftBank Group Corp. (OTCMKTS:SFTBF) Sees Significant Increase in Short Interest

SoftBank Group Corp. (OTCMKTS:SFTBF – Get Rating) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 2,178,900 shares, an increase of 33.4% from the March 31st total of 1,633,700 shares. Based on an average daily trading volume, of 3,100 shares, the short-interest ratio is presently 702.9 days.

SFTBF stock opened at $41.21 on Monday. SoftBank Group has a 12-month low of $35.95 and a 12-month high of $93.50. The business’s 50-day moving average is $43.09 and its 200 day moving average is $47.97.

About SoftBank Group (Get Rating)

SoftBank Group Corp. provides telecommunication services in Japan and internationally. The company operates through four segments: Investment Business of Holding Companies; SoftBank Vision Fund and Other SBIA-Managed Funds; SoftBank; and Arm. It offers mobile communications, broadband, and fixed-line communications services; and sells mobile devices.

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