SoftBank Corp. (OTCMKTS:SOBKY – Get Free Report) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 240,642 shares, a growth of 840.3% from the June 30th total of 25,592 shares. Based on an average daily volume of 610,842 shares, the days-to-cover ratio is currently 0.4 days.
SoftBank Price Performance
Shares of SOBKY opened at $13.94 on Monday. SoftBank has a 12 month low of $12.44 and a 12 month high of $17.25. The stock’s 50 day moving average is $13.31 and its two-hundred day moving average is $13.55.
About SoftBank
SoftBank Group Corp., trading on the OTCMKTS as SOBKY, is a Japan-based multinational holding company with diversified interests in technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, SoftBank initially built its reputation as a domestic telecom operator before pivoting toward global technology investments. Headquartered in Tokyo, the company operates through several key subsidiaries and strategic partnerships to deliver broadband and mobile services, enterprise network solutions, and cloud-based platforms.
In addition to its core telecommunications business, SoftBank is widely recognized for its Vision Fund, one of the world’s largest technology-focused investment vehicles.
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