SBI Holdings, Inc. (OTCMKTS:SBHGF) Sees Large Growth in Short Interest

SBI Holdings, Inc. (OTCMKTS:SBHGF) 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 %

SBHGF traded up $1.42 on Tuesday, hitting $22.42. 42 shares of the company were exchanged, compared to its average volume of 523. The firm has a 50-day moving average price of $22.88 and a two-hundred day moving average price of $23.94. SBI has a twelve month low of $19.00 and a twelve month high of $27.02. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 11.29 and a beta of 0.94.

SBI (OTCMKTS:SBHGF) 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.