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

SoftBank Group Corp. (OTCMKTS:SFTBY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 103,600 shares, a growth of 131.8% from the August 31st total of 44,700 shares. Based on an average trading volume of 878,300 shares, the days-to-cover ratio is currently 0.1 days.

SoftBank Group Price Performance

SFTBY traded down $1.42 on Friday, reaching $29.88. 623,496 shares of the company’s stock were exchanged, compared to its average volume of 548,522. The stock has a market cap of $87.85 billion, a PE ratio of -40.93 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.79 and a quick ratio of 0.78. SoftBank Group has a twelve month low of $18.19 and a twelve month high of $37.19. The stock’s fifty day moving average price is $28.81 and its 200-day moving average price is $29.16.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.40) earnings per share (EPS) for the quarter. SoftBank Group had a net margin of 0.92% and a return on equity of 0.50%. The company had revenue of $10.92 billion during the quarter. Sell-side analysts expect that SoftBank Group will post 2.13 EPS for the current year.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised SoftBank Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th.

SoftBank Group Company Profile

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.