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

SoftBank Group Corp. (OTCMKTS:SFTBF) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 2,066,500 shares, an increase of 24.0% from the January 31st total of 1,667,200 shares. Based on an average daily volume of 17,900 shares, the days-to-cover ratio is presently 115.4 days.

SoftBank Group Stock Down 3.5 %

Shares of SoftBank Group stock opened at $54.76 on Friday. The company has a 50-day simple moving average of $59.98 and a two-hundred day simple moving average of $58.88. SoftBank Group has a 52-week low of $46.94 and a 52-week high of $75.20.

SoftBank Group Company Profile

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.