Sat Sep 28 22:37:33 UTC 2024: ## Short Interest in State Bank of India Surges 21.1% in September

**NEW YORK, Sept 28, 2024** – State Bank of India (OTCMKTS:SBKFF), a leading Indian financial institution, experienced a significant increase in short interest during September. Data released on September 15th revealed that short interest reached 90,200 shares, marking a 21.1% rise from the August 31st figure of 74,500 shares.

This surge in short interest translates to a short-interest ratio of 451.0 days, based on an average daily trading volume of 200 shares. This indicates a high level of pessimism among some market participants regarding the future performance of State Bank of India.

Despite the increase in short interest, SBKFF closed trading on Friday at $96.50, remaining unchanged from the previous day. The stock has experienced a 1-year low of $67.03 and a 1-year high of $112.85. Its 50-day moving average price sits at $100.67, while its 200-day moving average price is $95.18.

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This news comes as other companies also saw increases in short interest. Russel Metals Inc. (OTCMKTS:RUSMF) reported a 16.8% increase in short interest during September. Additionally, MBB Public Markets I LLC disclosed a $6.26 million position in Starbucks Co. (NASDAQ:SBUX).

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