SBI Holdings, Inc. (OTCMKTS:SBHGF) Short Interest Update

by · The Cerbat Gem

SBI Holdings, Inc. (OTCMKTS:SBHGF – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 416,300 shares, an increase of 60.7% from the September 30th total of 259,000 shares. Based on an average trading volume of 700 shares, the short-interest ratio is currently 594.7 days.

SBI Stock Up 0.1 %

Shares of OTCMKTS:SBHGF traded up $0.03 during trading on Friday, reaching $20.50. 100 shares of the company traded hands, compared to its average volume of 525. The company’s 50 day moving average is $22.90 and its two-hundred day moving average is $23.98. SBI has a 52 week low of $19.00 and a 52 week high of $27.02. The firm has a market capitalization of $6.19 billion, a PE ratio of 11.02 and a beta of 0.94.

SBI (OTCMKTS:SBHGF – Get Free Report) last announced its earnings results on Friday, August 2nd. The company reported $0.45 EPS for the quarter. SBI had a return on equity of 4.53% and a net margin of 6.79%. The company had revenue of $2.12 billion for the quarter.

Analysts Set New Price Targets

Separately, Citigroup upgraded SBI to a “strong-buy” rating in a report on Monday, July 29th.

Read Our Latest Stock Report on SBHGF

About SBI

(Get Free Report)

SBI Holdings, Inc engages in the online securities and investment businesses. It operates through five business segments: Financial Services Business, Asset Management Business, Investment Business, Crypto-Asset Business, and Non-financial Business segments. The Financial Services Business segment consists of a range of finance-related business, including securities brokerage business; banking services business; and life, property, and casualty insurance business.

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