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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 5,749,676 shares, a growth of 85.2% from the June 15th total of 3,104,844 shares. Based on an average daily volume of 12,227,017 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

SoftBank Group Trading Down 2.5%

Shares of SFTBY opened at $17.31 on Friday. The stock has a market capitalization of $197.74 billion, a PE ratio of 5.97 and a beta of 1.83. The company’s fifty day moving average is $20.64 and its 200 day moving average is $16.13. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 0.80. SoftBank Group has a fifty-two week low of $9.32 and a fifty-two week high of $28.97.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.16 by $0.86. SoftBank Group had a net margin of 64.12% and a return on equity of 28.68%. The business had revenue of $13.17 billion during the quarter, compared to analyst estimates of $12.54 billion. Sell-side analysts expect that SoftBank Group will post 0.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SFTBY. TD Cowen restated a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft upgraded SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.