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

State Bank of India (OTCMKTS:SBKFF) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 28,339 shares, an increase of 75.1% from the April 30th total of 16,185 shares. Based on an average daily volume of 372 shares, the days-to-cover ratio is currently 76.2 days.

State Bank of India Trading Down 1.4%

Shares of SBKFF stock opened at $97.16 on Wednesday. State Bank of India has a 1 year low of $85.21 and a 1 year high of $140.06. The business’s fifty day moving average is $109.12 and its 200-day moving average is $113.38.

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.