SoftBank Group Corp. (OTCMKTS:SFTBY – Get 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 %
SoftBank Group (OTCMKTS:SFTBY – Get 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
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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