SoftBank Group Corp. (OTCMKTS:SFTBY) Sees Large Growth in Short Interest

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

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lowered SoftBank Group from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

Check Out Our Latest Research Report on SFTBY

SoftBank Group Stock Down 1.0 %

Shares of SFTBY traded down $0.29 during midday trading on Wednesday, hitting $29.98. The company had a trading volume of 574,304 shares, compared to its average volume of 969,863. SoftBank Group has a 1 year low of $21.52 and a 1 year high of $37.19. The firm 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 debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.68. The company’s 50-day simple moving average is $29.70 and its 200-day simple moving average is $29.59.

SoftBank Group (OTCMKTS:SFTBYGet Free Report) last posted its earnings results on Tuesday, November 12th. The technology company reported $2.70 EPS for the quarter. The firm had revenue of $11.88 billion for the quarter. SoftBank Group had a return on equity of 17.03% and a net margin of 31.74%. As a group, sell-side analysts expect that SoftBank Group will post 2.2 EPS for the current year.

About SoftBank Group

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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.

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