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

by · The Cerbat Gem

SoftBank Group Corp. (OTCMKTS:SFTBF – Get Free Report) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totalling 798,700 shares, a drop of 31.0% from the September 15th total of 1,158,200 shares. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is currently 107.9 days.

SoftBank Group Stock Performance

Shares of SFTBF traded down $1.59 during mid-day trading on Friday, hitting $58.41. The company’s stock had a trading volume of 48,798 shares, compared to its average volume of 11,110. SoftBank Group has a fifty-two week low of $36.65 and a fifty-two week high of $75.20. The firm has a 50-day moving average price of $56.45 and a 200 day moving average price of $57.96.

Hedge Funds Weigh In On SoftBank Group

An institutional investor recently bought a new position in SoftBank Group stock. Atlas Capital Advisors LLC acquired a new stake in SoftBank Group Corp. (OTCMKTS:SFTBF – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,000 shares of the company’s stock, valued at approximately $178,000. 25.02% of the stock is owned by institutional investors.

SoftBank Group Company Profile

(Get Free Report)

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.

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