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

State Bank of India (OTCMKTS:SBKFF) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 8,591 shares, a growth of 119.0% from the July 30th total of 3,922 shares. Based on an average daily trading volume, of 2,052 shares, the short-interest ratio is currently 4.2 days.

Institutional Investors Weigh In On State Bank of India

An institutional investor recently bought a new position in State Bank of India stock. Aubrey Capital Management Ltd bought a new position in State Bank of India (OTCMKTS:SBKFF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,299 shares of the company’s stock, valued at approximately $1,333,000. Hedge funds and other institutional investors own 1.74% of the company’s stock.

State Bank of India Price Performance

Shares of SBKFF opened at $104.26 on Friday. State Bank of India has a twelve month low of $90.21 and a twelve month high of $140.06. The firm’s 50 day moving average price is $109.66 and its two-hundred day moving average price is $112.75.

State Bank of India Company Profile

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.