SBI Holdings, Inc. (OTCMKTS:SBHGF) Short Interest Up 117.5% in March

SBI Holdings, Inc. (OTCMKTS:SBHGF) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 615,200 shares, a growth of 117.5% from the February 28th total of 282,800 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,900 shares, the days-to-cover ratio is presently 157.7 days.

SBI Stock Performance

Shares of SBHGF traded down $0.34 during mid-day trading on Friday, hitting $28.16. 830 shares of the stock were exchanged, compared to its average volume of 2,913. The firm has a 50-day moving average of $29.01 and a two-hundred day moving average of $25.45. SBI has a 52-week low of $19.00 and a 52-week high of $32.00. The company has a market cap of $8.51 billion, a PE ratio of 10.32 and a beta of 0.98.

SBI (OTCMKTS:SBHGF) last posted its earnings results on Friday, February 7th. The company reported $1.17 earnings per share for the quarter. SBI had a net margin of 9.47% and a return on equity of 6.78%.

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.