State Bank of India (OTCMKTS:SBKFF – Get Free Report) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 3,246 shares, a growth of 50.6% from the November 30th total of 2,155 shares. Based on an average trading volume of 93 shares, the days-to-cover ratio is currently 34.9 days. Based on an average trading volume of 93 shares, the days-to-cover ratio is currently 34.9 days.
State Bank of India Price Performance
Shares of SBKFF opened at $104.46 on Monday. The firm’s 50 day moving average is $104.93 and its 200-day moving average is $100.29. State Bank of India has a 12-month low of $80.75 and a 12-month high of $113.93.
About State Bank of India
State Bank of India (OTCMKTS: SBKFF) is India’s largest public sector bank and one of the country’s oldest financial institutions. Tracing its roots to the early 19th century as the Bank of Calcutta, it was reorganized as the Imperial Bank of India in 1921 and later nationalized and renamed in 1955 by the Government of India. Headquartered in Mumbai, the bank serves as the flagship entity of the State Bank Group, which includes several regional and associate banks consolidated under its umbrella.
The bank offers a comprehensive suite of financial products and services that span retail banking, corporate banking, and treasury operations.
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