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

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

SBI Price Performance

Shares of SBI stock traded up $0.75 during trading hours on Friday, reaching $26.50. The company’s stock had a trading volume of 294 shares, compared to its average volume of 552. The firm has a 50 day moving average price of $22.92 and a 200-day moving average price of $23.69. SBI has a one year low of $19.00 and a one year high of $27.02. The stock has a market cap of $8.01 billion, a P/E ratio of 12.80 and a beta of 1.00.

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.