State Bank of India (OTCMKTS:SBKFF – Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 11,536 shares, an increase of 193.2% from the September 30th total of 3,935 shares. Based on an average daily trading volume, of 42 shares, the days-to-cover ratio is presently 274.7 days.
Institutional Trading of State Bank of India
A hedge fund recently bought a new stake in State Bank of India stock. Aubrey Capital Management Ltd acquired a new stake in State Bank of India (OTCMKTS:SBKFF – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 12,299 shares of the company’s stock, valued at approximately $1,333,000. Institutional investors own 1.74% of the company’s stock.
State Bank of India Trading Up 4.7%
Shares of OTCMKTS SBKFF opened at $100.41 on Friday. The business’s 50 day moving average is $103.43 and its 200-day moving average is $111.35. State Bank of India has a 1-year low of $95.90 and a 1-year high of $140.06.
About State Bank of India
State Bank of India (OTCMKTS:SBKFF) is an Indian public-sector banking and financial services company headquartered in Mumbai, India. It provides a broad range of services to individuals, businesses, institutions and government customers through its extensive domestic banking network.
The bank’s offerings include personal and commercial deposits, loans, mortgages, credit cards, payments, wealth management, corporate and investment banking, treasury services and international banking. Through subsidiaries and affiliated businesses, State Bank of India also participates in areas such as life insurance, general insurance, asset management, securities and investment banking.
State Bank of India traces its origins to the Imperial Bank of India and was established in its current form in 1955 under the State Bank of India Act.
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