SoftBank Corp. (OTCMKTS:SOBKY – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 22,793 shares, a decline of 70.9% from the May 14th total of 78,249 shares. Based on an average daily volume of 217,322 shares, the days-to-cover ratio is presently 0.1 days.
SoftBank Stock Up 1.3%
OTCMKTS:SOBKY opened at $13.30 on Thursday. The company has a 50-day moving average price of $13.76 and a 200-day moving average price of $13.74. SoftBank has a 12 month low of $12.44 and a 12 month 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.
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