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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 1,414,239 shares, a growth of 26.1% from the December 15th total of 1,121,457 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,239,449 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 1,239,449 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SFTBY. New Street Research lowered SoftBank Group from a “buy” rating to a “neutral” rating in a research note on Thursday, September 25th. BTIG Research initiated coverage on shares of SoftBank Group in a research note on Monday, January 5th. They issued a “buy” rating for the company. Finally, Citigroup initiated coverage on shares of SoftBank Group in a research report on Monday, January 5th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

SoftBank Group Stock Down 1.1%

Shares of SoftBank Group stock opened at $12.55 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.90 and a current ratio of 0.92. SoftBank Group has a 52-week low of $4.97 and a 52-week high of $22.50. The company’s 50 day moving average price is $14.34 and its 200-day moving average price is $14.29. The stock has a market capitalization of $143.37 billion, a price-to-earnings ratio of 6.90 and a beta of 1.47.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings results on Tuesday, November 11th. The technology company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $0.14 by $1.34. SoftBank Group had a net margin of 41.42% and a return on equity of 20.96%. The business had revenue of $12.44 billion during the quarter, compared to analysts’ expectations of $12.61 billion. Equities research analysts forecast that SoftBank Group will post 2.22 EPS for the current year.

SoftBank Group Company Profile

SoftBank Group Corp is a Tokyo‐based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.

A key pillar of SoftBank’s strategy is its investment arm, the SoftBank Vision Fund, which targets high‐growth technology companies around the globe.