State Bank of India (OTCMKTS:SBKFF – Get Free Report) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 3,922 shares, a drop of 78.7% from the July 15th total of 18,373 shares. Based on an average daily volume of 305 shares, the short-interest ratio is currently 12.9 days.
State Bank of India Stock Performance
State Bank of India stock remained flat at $113.46 during trading hours on Thursday. The company’s stock had a trading volume of 56 shares, compared to its average volume of 423. State Bank of India has a 12 month low of $90.21 and a 12 month high of $140.06. The firm has a fifty day simple moving average of $108.98 and a two-hundred day simple moving average of $114.01.
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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