State Bank of India (OTCMKTS:SBKFF) Short Interest Update

State Bank of India (OTCMKTS:SBKFF) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 12,380 shares, a decline of 48.8% from the March 15th total of 24,167 shares. Based on an average daily trading volume, of 418 shares, the days-to-cover ratio is currently 29.6 days.

State Bank of India Stock Performance

State Bank of India stock opened at $113.80 on Tuesday. The company has a 50 day moving average of $121.95 and a 200-day moving average of $111.82. State Bank of India has a twelve month low of $85.21 and a twelve month high of $140.06.

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.