SoftBank Corp. (OTCMKTS:SOBKY) Sees Significant Drop in Short Interest

SoftBank Corp. (OTCMKTS:SOBKY) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 15,300 shares, a decline of 69.9% from the July 15th total of 50,900 shares. Based on an average trading volume of 104,300 shares, the days-to-cover ratio is currently 0.1 days.

SoftBank Stock Performance

Shares of SOBKY stock traded up $0.03 on Monday, hitting $12.73. 30,000 shares of the stock traded hands, compared to its average volume of 61,738. SoftBank has a 1-year low of $10.68 and a 1-year high of $13.81. The company’s fifty day moving average is $12.54 and its 200 day moving average is $12.63.

About SoftBank

SoftBank Corp., together with its subsidiaries, engages in the telecommunication and information technology businesses in Japan. It operates through Consumer, Broadband, Electricity, Yahoo/LINE Business, Financial, and Other Business segments. The Consumer segment offers mobile services under the SoftBank, Y!mobile, LINE MOBILE, and LINEMO brands.