SBI Holdings, Inc. (OTCMKTS:SBHGF) Sees Large Decline in Short Interest

SBI Holdings, Inc. (OTCMKTS:SBHGF - Get Free Report) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 241,300 shares, a drop of 30.9% from the November 15th total of 349,000 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 268.1 days.

SBI Stock Performance

Shares of SBI stock traded up $0.75 on Friday, hitting $26.50. 294 shares of the company's stock were exchanged, compared to its average volume of 552. The company has a 50-day simple moving average of $22.92 and a 200-day simple moving average of $23.69. The stock has a market capitalization of $8.01 billion, a PE ratio of 12.80 and a beta of 1.00. SBI has a 1 year low of $19.00 and a 1 year high of $27.02.

About SBI

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.

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