State Bank of India (OTCMKTS:SBKFF) Stock Short Interest Drops 54.8%

State Bank of India (OTCMKTS:SBKFF) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 3,935 shares, a drop of 54.8% from the September 15th total of 8,714 shares. Based on an average daily volume of 47 shares, the short-interest ratio is currently 83.7 days.

Institutional Trading of State Bank of India

A hedge fund recently bought a new position in State Bank of India stock. Aubrey Capital Management Ltd bought a new position in shares of State Bank of India (OTCMKTS:SBKFF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 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.

State Bank of India Stock Performance

OTCMKTS:SBKFF remained flat at $102.25 on Tuesday. State Bank of India has a 52 week low of $90.21 and a 52 week high of $140.06. The business’s fifty day moving average is $106.22 and its two-hundred day moving average is $107.57.

About State Bank of India

State Bank of India is an Indian public-sector banking and financial services institution headquartered in Mumbai, India. It provides banking products and services to individuals, businesses, government entities and institutional customers through its domestic and international operations.

The bank’s activities include personal and commercial banking, corporate and investment banking, agricultural and rural finance, treasury services, international banking, payment and card services, and digital banking.