State Bank of India (OTCMKTS:SBKFF) Short Interest Up 50.6% in December

State Bank of India (OTCMKTS:SBKFF) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 3,246 shares, an increase of 50.6% from the November 30th total of 2,155 shares. Based on an average trading volume of 93 shares, the days-to-cover ratio is presently 34.9 days. Based on an average trading volume of 93 shares, the days-to-cover ratio is presently 34.9 days.

State Bank of India Price Performance

Shares of OTCMKTS SBKFF remained flat at $104.46 during midday trading on Wednesday. 19 shares of the company were exchanged, compared to its average volume of 313. The stock has a 50 day moving average price of $104.92 and a 200 day moving average price of $100.55. State Bank of India has a twelve month low of $80.75 and a twelve month high of $113.93.

About State Bank of India

State Bank of India (OTCMKTS: SBKFF) is India’s largest public sector bank and one of the country’s oldest financial institutions. Tracing its roots to the early 19th century as the Bank of Calcutta, it was reorganized as the Imperial Bank of India in 1921 and later nationalized and renamed in 1955 by the Government of India. Headquartered in Mumbai, the bank serves as the flagship entity of the State Bank Group, which includes several regional and associate banks consolidated under its umbrella.

The bank offers a comprehensive suite of financial products and services that span retail banking, corporate banking, and treasury operations.