Sony Group Co. (NYSE:SONY) Short Interest Down 26.0% in April

Sony Group Co. (NYSE:SONY) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 1,450,000 shares, a decrease of 26.0% from the March 31st total of 1,960,000 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 776,900 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Investors Weigh In On Sony Group

A number of institutional investors have recently added to or reduced their stakes in SONY. Exchange Traded Concepts LLC bought a new stake in Sony Group in the 3rd quarter valued at $405,000. SOL Capital Management CO increased its holdings in shares of Sony Group by 1.4% in the third quarter. SOL Capital Management CO now owns 16,255 shares of the company’s stock worth $1,340,000 after purchasing an additional 220 shares during the last quarter. Aaron Wealth Advisors LLC lifted its position in shares of Sony Group by 5.6% in the third quarter. Aaron Wealth Advisors LLC now owns 4,878 shares of the company’s stock worth $402,000 after buying an additional 257 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Sony Group by 2.8% in the third quarter. Ballentine Partners LLC now owns 7,584 shares of the company’s stock worth $625,000 after buying an additional 206 shares in the last quarter. Finally, Clarius Group LLC boosted its stake in Sony Group by 12.2% during the third quarter. Clarius Group LLC now owns 9,325 shares of the company’s stock valued at $768,000 after buying an additional 1,013 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Trading Down 0.1 %

Shares of Sony Group stock opened at $82.33 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. The company has a fifty day moving average of $85.70 and a 200 day moving average of $88.85. The company has a market capitalization of $101.61 billion, a P/E ratio of 15.89 and a beta of 0.98. Sony Group has a fifty-two week low of $79.62 and a fifty-two week high of $100.94.

Sony Group (NYSE:SONY) last released its quarterly earnings data on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.32. The firm had revenue of $25.38 billion during the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. On average, sell-side analysts anticipate that Sony Group will post 5.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on SONY. Oppenheimer reaffirmed an “outperform” rating and set a $108.00 price target on shares of Sony Group in a research report on Monday, February 26th. Macquarie lowered Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Finally, TheStreet raised Sony Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.00.

About Sony Group

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.