SoftBank Group Corp. (OTCMKTS:SFTBY) Sees Significant Increase in Short Interest

SoftBank Group Corp. (OTCMKTS:SFTBY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 103,600 shares, an increase of 131.8% from the August 31st total of 44,700 shares. Based on an average trading volume of 878,300 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised SoftBank Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th.

SoftBank Group Stock Down 0.9 %

Shares of OTCMKTS SFTBY traded down $0.26 during trading hours on Thursday, hitting $30.09. The company had a trading volume of 366,097 shares, compared to its average volume of 548,341. The firm’s 50 day moving average is $28.92 and its 200-day moving average is $29.13. SoftBank Group has a 1-year low of $18.19 and a 1-year high of $37.19. The stock has a market capitalization of $88.46 billion, a P/E ratio of -41.22 and a beta of 1.16. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.82.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.40) earnings per share (EPS) for the quarter. SoftBank Group had a net margin of 0.92% and a return on equity of 0.50%. The business had revenue of $10.92 billion for the quarter. On average, analysts expect that SoftBank Group will post 2.13 earnings per share for the current fiscal year.

SoftBank Group Company Profile

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.