SoftBank Group Corp. (OTCMKTS:SFTBY) Short Interest Update

SoftBank Group Corp. (OTCMKTS:SFTBY) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 196,300 shares, a growth of 46.9% from the May 31st total of 133,600 shares. Based on an average trading volume of 1,298,000 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

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

SoftBank Group Price Performance

SFTBY stock traded up $0.38 during trading on Monday, hitting $32.21. The stock had a trading volume of 802,600 shares, compared to its average volume of 547,604. The stock has a market cap of $94.70 billion, a price-to-earnings ratio of -44.12 and a beta of 1.18. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.89 and a current ratio of 0.90. The company’s 50 day moving average price is $28.25 and its two-hundred day moving average price is $26.56. SoftBank Group has a 1-year low of $18.19 and a 1-year high of $33.23.

SoftBank Group (OTCMKTS:SFTBY) last announced its earnings results on Monday, May 13th. The technology company reported $0.52 earnings per share (EPS) for the quarter. SoftBank Group had a negative net margin of 4.14% and a negative return on equity of 2.38%. The firm had revenue of $11.82 billion for the quarter. On average, sell-side analysts forecast that SoftBank Group will post 1.94 EPS for the current fiscal 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.