SBI Holdings, Inc. (OTCMKTS:SBHGF) Sees Significant Increase in Short Interest

SBI Holdings, Inc. (OTCMKTS:SBHGF - Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 416,300 shares, an increase of 60.7% from the September 30th total of 259,000 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is currently 594.7 days.

SBI Stock Performance

Shares of OTCMKTS:SBHGF traded up $0.03 during trading on Friday, reaching $20.50. The stock had a trading volume of 100 shares, compared to its average volume of 525. SBI has a 1-year low of $19.00 and a 1-year high of $27.02. The stock has a market cap of $6.19 billion, a PE ratio of 11.02 and a beta of 0.94. The business has a fifty day moving average price of $22.90 and a 200-day moving average price of $23.97.

SBI (OTCMKTS:SBHGF - Get Free Report) last announced its earnings results on Friday, August 2nd. The company reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $2.12 billion for the quarter. SBI had a net margin of 6.79% and a return on equity of 4.53%.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded SBI to a "strong-buy" rating in a research note on Monday, July 29th.

SBI Company Profile

SBI Holdings, Inc engages in the online securities and investment businesses. It operates through five business segments: Financial Services Business, Asset Management Business, Investment Business, Crypto-Asset Business, and Non-financial Business segments. The Financial Services Business segment consists of a range of finance-related business, including securities brokerage business; banking services business; and life, property, and casualty insurance business.