SoftBank Corp. (OTCMKTS:SOBKY – Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 240,642 shares, a growth of 840.3% from the June 30th total of 25,592 shares. Based on an average daily trading volume, of 610,842 shares, the days-to-cover ratio is presently 0.4 days.
SoftBank Stock Up 4.7%
Shares of SOBKY opened at $13.94 on Friday. The company has a 50 day simple moving average of $13.31 and a two-hundred day simple moving average of $13.55. SoftBank has a 1 year low of $12.44 and a 1 year high of $17.25.
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.
Featured Articles
- Five stocks we like better than SoftBank
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Receive News & Ratings for SoftBank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SoftBank and related companies with MarketBeat.com's FREE daily email newsletter.
