Short Interest in SBI Holdings Inc. (OTCMKTS:SBHGF) Drops By 31.5%

SBI Holdings Inc. (OTCMKTS:SBHGF) was the recipient of a large decline in short interest in May. As of May 31st, there was short interest totalling 538,500 shares, a decline of 31.5% from the May 15th total of 786,100 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 2,700 shares, the short-interest ratio is currently 199.4 days.

SBI Stock Performance

SBI stock opened at $32.69 on Thursday. The stock’s 50 day moving average price is $27.78 and its 200 day moving average price is $27.43. The firm has a market capitalization of $9.88 billion, a PE ratio of 9.70 and a beta of 0.72. SBI has a one year low of $19.00 and a one year high of $35.00.

SBI (OTCMKTS:SBHGF) last posted its quarterly earnings results on Friday, May 9th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.56. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.01 billion. SBI had a net margin of 11.23% and a return on equity of 8.76%.

SBI Company Profile

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.