State Bank of India (OTCMKTS:SBKFF) Short Interest Up 125.0% in January

State Bank of India (OTCMKTS:SBKFF) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 11,334 shares, a growth of 125.0% from the January 15th total of 5,037 shares. Based on an average daily volume of 781 shares, the days-to-cover ratio is currently 14.5 days. Based on an average daily volume of 781 shares, the days-to-cover ratio is currently 14.5 days.

State Bank of India Stock Performance

OTCMKTS:SBKFF opened at $128.90 on Friday. The business has a 50 day simple moving average of $113.12 and a 200 day simple moving average of $105.04. State Bank of India has a 12-month low of $83.00 and a 12-month high of $128.90.

State Bank of India Company Profile

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.