State Bank of India (OTCMKTS:SBKFF) Sees Significant Growth in Short Interest

State Bank of India (OTCMKTS:SBKFF) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 11,334 shares, an increase of 125.0% from the January 15th total of 5,037 shares. Based on an average daily trading volume, of 781 shares, the short-interest ratio is currently 14.5 days. Based on an average daily trading volume, of 781 shares, the short-interest ratio is currently 14.5 days.

State Bank of India Stock Performance

State Bank of India stock opened at $128.90 on Thursday. State Bank of India has a 1 year low of $83.00 and a 1 year high of $128.90. The firm has a 50 day moving average price of $112.34 and a 200 day moving average price of $104.66.

About State Bank of India

State Bank of India (OTCMKTS: SBKFF) is India’s largest public sector bank and one of the country’s oldest financial institutions. Tracing its roots to the early 19th century as the Bank of Calcutta, it was reorganized as the Imperial Bank of India in 1921 and later nationalized and renamed in 1955 by the Government of India. Headquartered in Mumbai, the bank serves as the flagship entity of the State Bank Group, which includes several regional and associate banks consolidated under its umbrella.

The bank offers a comprehensive suite of financial products and services that span retail banking, corporate banking, and treasury operations.