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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 5,749,676 shares, an increase of 85.2% from the June 15th total of 3,104,844 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 12,227,017 shares, the short-interest ratio is presently 0.5 days.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised SoftBank Group from a “hold” rating to a “buy” rating in a research note on Friday, June 26th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SoftBank Group in a research report on Wednesday, June 17th. Finally, TD Cowen reiterated a “hold” rating on shares of SoftBank Group in a report on Thursday, May 14th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, SoftBank Group has an average rating of “Hold”.

SoftBank Group Stock Down 2.5%

Shares of SoftBank Group stock opened at $17.31 on Friday. The company’s fifty day simple moving average is $20.64 and its two-hundred day simple moving average is $16.13. SoftBank Group has a 12-month low of $9.32 and a 12-month high of $28.97. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.85. The company has a market cap of $197.74 billion, a P/E ratio of 5.97 and a beta of 1.83.

SoftBank Group (OTCMKTS:SFTBY) last announced its earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.86. SoftBank Group had a net margin of 64.12% and a return on equity of 28.68%. The firm had revenue of $13.17 billion for the quarter, compared to analyst estimates of $12.54 billion. Research analysts anticipate that SoftBank Group will post 0.03 EPS for the current year.

About SoftBank Group

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.