State Bank of India (OTCMKTS:SBKFF – Get Free Report) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 11,536 shares, a growth of 193.2% from the September 30th total of 3,935 shares. Based on an average trading volume of 42 shares, the short-interest ratio is currently 274.7 days.
State Bank of India Price Performance
SBKFF opened at $95.90 on Thursday. State Bank of India has a 52 week low of $95.90 and a 52 week high of $140.06. The business has a 50 day moving average price of $103.56 and a two-hundred day moving average price of $111.44.
Institutional Investors Weigh In On State Bank of India
A hedge fund recently bought a new position in State Bank of India stock. Aubrey Capital Management Ltd acquired a new stake in State Bank of India (OTCMKTS:SBKFF – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,299 shares of the company’s stock, valued at approximately $1,333,000. Institutional investors and hedge funds own 1.74% of the company’s stock.
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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