Short Interest in SBI Holdings, Inc. (OTCMKTS:SBHGF) Declines By 20.3%

SBI Holdings, Inc. (OTCMKTS:SBHGF) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 255,500 shares, a decline of 20.3% from the August 15th total of 320,700 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is currently 425.8 days.

Analyst Ratings Changes

Separately, Citigroup raised SBI to a “strong-buy” rating in a research note on Monday, July 29th.

SBI Trading Down 0.4 %

SBHGF stock traded down $0.09 during mid-day trading on Friday, reaching $21.60. The company’s stock had a trading volume of 150 shares, compared to its average volume of 580. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 10.91 and a beta of 0.94. The business’s 50 day moving average price is $23.74 and its 200 day moving average price is $24.78. SBI has a 12 month low of $19.00 and a 12 month high of $27.02.

SBI (OTCMKTS:SBHGF) last issued its earnings results on Friday, August 2nd. The company reported $0.45 earnings per share for the quarter. The business had revenue of $2.12 billion during the quarter. SBI had a return on equity of 4.53% and a net margin of 6.79%.

About SBI

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.