SoftBank Corp. (OTCMKTS:SOBKY) Sees Large Increase in Short Interest

SoftBank Corp. (OTCMKTS:SOBKY) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 172,015 shares, a growth of 176.4% from the March 15th total of 62,242 shares. Based on an average daily volume of 427,796 shares, the days-to-cover ratio is currently 0.4 days.

SoftBank Stock Performance

OTCMKTS SOBKY opened at $13.56 on Friday. SoftBank has a twelve month low of $12.44 and a twelve month high of $17.25. The stock’s 50 day moving average is $13.58 and its 200 day moving average is $13.92.

SoftBank Company Profile

SoftBank Group Corp., trading on the OTCMKTS as SOBKY, is a Japan-based multinational holding company with diversified interests in technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, SoftBank initially built its reputation as a domestic telecom operator before pivoting toward global technology investments. Headquartered in Tokyo, the company operates through several key subsidiaries and strategic partnerships to deliver broadband and mobile services, enterprise network solutions, and cloud-based platforms.

In addition to its core telecommunications business, SoftBank is widely recognized for its Vision Fund, one of the world’s largest technology-focused investment vehicles.