SBI Holdings, Inc. (OTCMKTS:SBHGF) Short Interest Up 60.7% in October

SBI Holdings, Inc. (OTCMKTS:SBHGF) saw a large increase in short interest in 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 trading volume of 700 shares, the short-interest ratio is currently 594.7 days.

SBI Trading Up 0.1 %

Shares of SBHGF traded up $0.03 during trading hours on Friday, reaching $20.50. The company had a trading volume of 100 shares, compared to its average volume of 525. The firm has a 50 day simple moving average of $22.90 and a 200-day simple moving average of $23.98. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 11.02 and a beta of 0.94. SBI has a 12-month low of $19.00 and a 12-month high of $27.02.

SBI (OTCMKTS:SBHGF) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.45 earnings per share for the quarter. The business 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%.

Analyst Upgrades and Downgrades

Separately, Citigroup raised SBI to a “strong-buy” rating in a report 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.