State Bank of India (OTCMKTS:SBKFF – Get Free Report) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 5,037 shares, a drop of 19.3% from the December 31st total of 6,238 shares. Based on an average daily trading volume, of 284 shares, the days-to-cover ratio is currently 17.7 days. Based on an average daily trading volume, of 284 shares, the days-to-cover ratio is currently 17.7 days.
State Bank of India Stock Performance
Shares of State Bank of India stock opened at $126.50 on Wednesday. State Bank of India has a 52 week low of $83.00 and a 52 week high of $126.50. The company’s 50-day moving average price is $109.66 and its two-hundred day moving average price is $103.51.
About State Bank of India
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.
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