SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) Short Interest Down 38.3% in April

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 3,725,513 shares, a decrease of 38.3% from the April 15th total of 6,033,708 shares. Based on an average trading volume of 5,313,706 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

A number of research analysts have recently commented on SFTBY shares. Cantor Fitzgerald initiated coverage on shares of SoftBank Group in a research note on Monday, March 9th. They set an “overweight” rating for the company. TD Cowen restated a “hold” rating on shares of SoftBank Group in a report on Thursday. Jefferies Financial Group lowered shares of SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. Finally, Zacks Research upgraded shares of SoftBank Group to a “hold” rating in a report on Tuesday, March 10th. Three equities research 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 data from MarketBeat, SoftBank Group has a consensus rating of “Hold”.

SoftBank Group Stock Down 3.7%

SFTBY stock opened at $17.80 on Friday. SoftBank Group has a twelve month low of $6.34 and a twelve month high of $22.50. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $203.34 billion, a P/E ratio of 6.14 and a beta of 1.70. The firm has a 50 day simple moving average of $14.14 and a 200-day simple moving average of $14.54.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.86. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%. The business had revenue of $13.17 billion during the quarter, compared to the consensus estimate of $12.54 billion. On average, equities research analysts predict that SoftBank Group will post 0.05 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.