SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) Sees Large Increase in Short Interest

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 7,072,938 shares, an increase of 400.1% from the December 31st total of 1,414,239 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 4,019,363 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily trading volume, of 4,019,363 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SFTBY shares. BTIG Research started coverage on shares of SoftBank Group in a research note on Monday, January 5th. They set a “buy” rating on the stock. Citigroup began coverage on shares of SoftBank Group in a report on Monday, January 5th. They issued a “buy” rating on the stock. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, SoftBank Group has a consensus rating of “Moderate Buy”.

SoftBank Group Stock Down 0.6%

Shares of SoftBank Group stock opened at $13.09 on Wednesday. The business has a 50-day moving average price of $13.80 and a 200 day moving average price of $14.48. SoftBank Group has a fifty-two week low of $4.97 and a fifty-two week high of $22.50. The firm has a market cap of $149.54 billion, a P/E ratio of 7.19 and a beta of 1.47. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.76.

SoftBank Group (OTCMKTS:SFTBY) last issued its earnings results on Tuesday, November 11th. The technology company reported $1.48 EPS for the quarter, topping the consensus estimate of $0.14 by $1.34. SoftBank Group had a return on equity of 20.96% and a net margin of 41.42%.The company had revenue of $12.44 billion during the quarter, compared to analyst estimates of $12.61 billion. On average, sell-side analysts forecast that SoftBank Group will post 2.22 earnings per share for the current fiscal 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.