SoftBank Corp. (OTCMKTS:SOBKY) Sees Large Drop in Short Interest

SoftBank Corp. (OTCMKTS:SOBKY) was the recipient of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 45,400 shares, a drop of 49.7% from the January 31st total of 90,200 shares. Based on an average trading volume of 133,300 shares, the short-interest ratio is presently 0.3 days.

SoftBank Trading Up 0.8 %

OTCMKTS:SOBKY traded up $0.11 during trading hours on Friday, reaching $14.24. The company had a trading volume of 57,260 shares, compared to its average volume of 127,422. SoftBank has a 1-year low of $11.48 and a 1-year high of $14.51. The business’s 50 day moving average price is $12.97 and its 200-day moving average price is $13.04.

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.