SoftBank Group Corp. (OTCMKTS:SFTBY) Short Interest Down 67.0% in February

SoftBank Group Corp. (OTCMKTS:SFTBY) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 493,900 shares, a drop of 67.0% from the January 31st total of 1,495,500 shares. Based on an average daily volume of 1,350,200 shares, the short-interest ratio is currently 0.4 days.

SoftBank Group Stock Performance

SoftBank Group stock traded down $0.54 during midday trading on Friday, hitting $27.67. 351,095 shares of the company’s stock were exchanged, compared to its average volume of 789,264. SoftBank Group has a 12-month low of $22.35 and a 12-month high of $37.19. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.68. The stock has a market cap of $81.35 billion, a price-to-earnings ratio of 13.90 and a beta of 1.14. The firm’s 50 day simple moving average is $30.18 and its 200 day simple moving average is $29.69.

SoftBank Group (OTCMKTS:SFTBY) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported ($0.83) earnings per share (EPS) for the quarter. SoftBank Group had a return on equity of 6.65% and a net margin of 12.74%. Equities research analysts predict that SoftBank Group will post 2.22 EPS for the current year.

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded shares of SoftBank Group from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

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.