SoftBank Corp. (OTCMKTS:SOBKY – Get Free Report) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 127,028 shares, a decline of 80.2% from the September 30th total of 640,145 shares. Based on an average trading volume of 198,979 shares, the days-to-cover ratio is currently 0.6 days.
SoftBank Price Performance
Shares of OTCMKTS:SOBKY opened at $14.61 on Thursday. SoftBank has a 52 week low of $12.44 and a 52 week high of $16.42. The company’s 50 day moving average is $15.34 and its two-hundred day moving average is $14.07.
SoftBank Company Profile
SoftBank Group Corp. is a Japan-based investment holding company founded by Masayoshi Son in 1981. The company began as a distributor of computer software and expanded into telecommunications, internet services and technology investments. Today, SoftBank Group primarily operates as a strategic investment company focused on businesses and technologies that support the information revolution.
Through its investment activities, SoftBank provides capital to companies in areas such as artificial intelligence, internet services, communications, enterprise software, semiconductors and robotics.
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