SoftBank Corp. (OTCMKTS:SFBQF) Sees Significant Decrease in Short Interest

SoftBank Corp. (OTCMKTS:SFBQF) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 33,868,700 shares, a drop of 19.6% from the January 31st total of 42,100,600 shares. Based on an average daily trading volume, of 41,200 shares, the days-to-cover ratio is currently 822.1 days.

SoftBank Price Performance

SoftBank stock traded up $0.08 during midday trading on Tuesday, hitting $1.46. The company’s stock had a trading volume of 12,824 shares, compared to its average volume of 53,576. SoftBank has a 12 month low of $1.13 and a 12 month high of $1.59. The stock’s 50-day moving average price is $1.31 and its 200-day moving average price is $1.31.

About SoftBank

SoftBank Corp., together with its subsidiaries, engages in the telecommunication and information technology businesses in Japan. It operates through Consumer, Broadband, Electricity, Yahoo/LINE Business, Financial, and Other Business segments. The Consumer segment offers mobile services under the SoftBank, Y!mobile, LINE MOBILE, and LINEMO brands.