SoftBank Group Corp. (OTCMKTS:SFTBF) Short Interest Down 17.1% in May

SoftBank Group Corp. (OTCMKTS:SFTBFGet Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 2,034,400 shares, a drop of 17.1% from the April 30th total of 2,455,000 shares. Based on an average daily trading volume, of 5,500 shares, the short-interest ratio is currently 369.9 days.

SoftBank Group Stock Performance

OTCMKTS SFTBF opened at $55.90 on Friday. SoftBank Group has a one year low of $36.65 and a one year high of $62.18. The firm’s fifty day moving average is $53.69 and its two-hundred day moving average is $49.64.

Hedge Funds Weigh In On SoftBank Group

A hedge fund recently bought a new stake in SoftBank Group stock. Atlas Capital Advisors LLC purchased a new position in shares of SoftBank Group Corp. (OTCMKTS:SFTBFFree Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,000 shares of the company’s stock, valued at approximately $178,000. Institutional investors own 25.02% of the company’s stock.

About SoftBank Group

(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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