SVB Financial Group (OTCMKTS:SIVBQ) Sees Significant Drop in Short Interest

SVB Financial Group (OTCMKTS:SIVBQ) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 682,500 shares, a drop of 15.2% from the March 31st total of 804,900 shares. Based on an average trading volume of 41,200 shares, the days-to-cover ratio is presently 16.6 days.

SVB Financial Group Price Performance

Shares of OTCMKTS:SIVBQ opened at $0.05 on Tuesday. The business’s 50 day moving average price is $0.07 and its 200-day moving average price is $0.07. SVB Financial Group has a 1 year low of $0.00 and a 1 year high of $0.65.

About SVB Financial Group

SVB Financial Group, a diversified financial services company, offers various banking and financial products and services. It operates through four segments: Silicon Valley Bank, SVB Private, SVB Capital, and SVB Securities. The Silicon Valley Bank segment provides commercial banking products and services, including credit, treasury management, foreign exchange, trade finance, and other financial products and services.