Short Interest in SoftBank Corp. (OTCMKTS:SOBKY) Drops By 23.2%

SoftBank Corp. (OTCMKTS:SOBKY) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 30,615 shares, a decrease of 23.2% from the December 31st total of 39,878 shares. Based on an average daily volume of 257,387 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 257,387 shares, the days-to-cover ratio is presently 0.1 days.

SoftBank Price Performance

Shares of SOBKY opened at $13.52 on Friday. The company’s 50-day simple moving average is $13.82 and its 200-day simple moving average is $14.57. SoftBank has a 1 year low of $12.52 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.