Sony Group Co. (NYSE:SONY) Short Interest Down 22.1% in November

Sony Group Co. (NYSE:SONY) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 7,400,000 shares, a decline of 22.1% from the October 31st total of 9,500,000 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,930,000 shares, the short-interest ratio is presently 2.5 days.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SONY shares. Oppenheimer reduced their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, TD Cowen dropped their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sony Group has an average rating of “Buy” and an average target price of $24.00.

Hedge Funds Weigh In On Sony Group

Several large investors have recently bought and sold shares of SONY. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Sony Group in the 2nd quarter valued at approximately $26,000. Ridgewood Investments LLC acquired a new position in shares of Sony Group in the second quarter valued at $41,000. Family Firm Inc. bought a new position in Sony Group in the second quarter worth $44,000. Hobbs Group Advisors LLC acquired a new stake in Sony Group during the second quarter worth $49,000. Finally, Hexagon Capital Partners LLC increased its holdings in Sony Group by 38.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after buying an additional 233 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Performance

NYSE SONY traded up $0.29 during trading on Friday, hitting $20.05. The company’s stock had a trading volume of 1,247,922 shares, compared to its average volume of 3,053,190. Sony Group has a 52 week low of $15.02 and a 52 week high of $20.67. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The firm has a market cap of $121.26 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 12.70 and a beta of 0.95. The firm has a 50 day moving average price of $17.19 and a 200 day moving average price of $8.29.

Sony Group Company Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.