State Bank of India (OTCMKTS:SBKFF) Shares Shorted: Short Interest Up 193.2% in October

State Bank of India (OTCMKTS:SBKFF) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 11,536 shares, an increase of 193.2% from the September 30th total of 3,935 shares. Based on an average daily volume of 42 shares, the days-to-cover ratio is presently 274.7 days.

State Bank of India Price Performance

Shares of SBKFF opened at $95.90 on Thursday. The stock has a 50 day moving average price of $103.56 and a 200 day moving average price of $111.44. State Bank of India has a 52-week low of $95.90 and a 52-week high of $140.06.

Institutional Trading of State Bank of India

An institutional investor recently bought a new position in State Bank of India stock. Aubrey Capital Management Ltd acquired a new stake in State Bank of India (OTCMKTS:SBKFF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,299 shares of the company’s stock, valued at approximately $1,333,000. Hedge funds and other institutional investors own 1.74% of the company’s stock.

State Bank of India Company Profile

State Bank of India (OTCMKTS:SBKFF) is an Indian public-sector banking and financial services company headquartered in Mumbai, India. It provides a broad range of services to individuals, businesses, institutions and government customers through its extensive domestic banking network.

The bank’s offerings include personal and commercial deposits, loans, mortgages, credit cards, payments, wealth management, corporate and investment banking, treasury services and international banking. Through subsidiaries and affiliated businesses, State Bank of India also participates in areas such as life insurance, general insurance, asset management, securities and investment banking.

State Bank of India traces its origins to the Imperial Bank of India and was established in its current form in 1955 under the State Bank of India Act.