State Bank of India (OTCMKTS:SBKFF) Stock Short Interest Declines 54.8%

State Bank of India (OTCMKTS:SBKFF) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 3,935 shares, a decrease of 54.8% from the September 15th total of 8,714 shares. Based on an average daily volume of 47 shares, the days-to-cover ratio is currently 83.7 days.

Institutional Trading of State Bank of India

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

State Bank of India Price Performance

OTCMKTS:SBKFF opened at $102.25 on Wednesday. The company has a 50-day moving average price of $105.99 and a 200-day moving average price of $107.50. State Bank of India has a 12 month low of $90.21 and a 12 month high of $140.06.

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.