SBI Holdings, Inc. (OTCMKTS:SBHGF – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 416,300 shares, an increase of 60.7% from the September 30th total of 259,000 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is currently 594.7 days.
Wall Street Analyst Weigh In
Separately, Citigroup raised shares of SBI to a “strong-buy” rating in a research report on Monday, July 29th.
SBI Trading Up 6.7 %
SBI (OTCMKTS:SBHGF – Get Free Report) last released its earnings results on Friday, August 2nd. The company reported $0.45 earnings per share for the quarter. SBI had a net margin of 6.79% and a return on equity of 4.53%. The firm had revenue of $2.12 billion for the quarter.
SBI Company Profile
SBI Holdings, Inc engages in the online securities and investment businesses. It operates through five business segments: Financial Services Business, Asset Management Business, Investment Business, Crypto-Asset Business, and Non-financial Business segments. The Financial Services Business segment consists of a range of finance-related business, including securities brokerage business; banking services business; and life, property, and casualty insurance business.
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