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

SoftBank Group Corp. (OTCMKTS:SFTBY) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 266,600 shares, an increase of 195.6% from the December 31st total of 90,200 shares. Based on an average daily trading volume, of 1,020,800 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group downgraded shares of SoftBank Group from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

SoftBank Group Price Performance

Shares of SoftBank Group stock traded down $0.29 on Wednesday, reaching $29.98. The company’s stock had a trading volume of 574,304 shares, compared to its average volume of 969,863. The stock has a 50-day moving average price of $29.70 and a 200-day moving average price of $29.59. SoftBank Group has a 52-week low of $21.52 and a 52-week high of $37.19. The company has a market capitalization of $88.14 billion, a P/E ratio of 6.00 and a beta of 1.14. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.82.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings data on Tuesday, November 12th. The technology company reported $2.70 EPS for the quarter. The company had revenue of $11.88 billion during the quarter. SoftBank Group had a return on equity of 17.03% and a net margin of 31.74%. Analysts expect that SoftBank Group will post 2.2 EPS for the current year.

About SoftBank Group

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.