SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) Sees Large Growth in Short Interest

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 7,072,938 shares, a growth of 400.1% from the December 31st total of 1,414,239 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 4,019,363 shares, the short-interest ratio is currently 1.8 days. Based on an average daily volume of 4,019,363 shares, the short-interest ratio is currently 1.8 days. Approximately 0.1% of the shares of the company are sold short.

SoftBank Group Price Performance

Shares of OTCMKTS:SFTBY opened at $13.30 on Thursday. The firm has a market cap of $151.94 billion, a price-to-earnings ratio of 7.31 and a beta of 1.47. The firm has a fifty day moving average price of $13.76 and a 200 day moving average price of $14.48. SoftBank Group has a fifty-two week low of $4.97 and a fifty-two week high of $22.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.90 and a current ratio of 0.92.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings results on Tuesday, November 11th. The technology company reported $1.48 EPS for the quarter, topping the consensus estimate of $0.14 by $1.34. The business had revenue of $12.44 billion for the quarter, compared to analysts’ expectations of $12.61 billion. SoftBank Group had a net margin of 41.42% and a return on equity of 20.96%. As a group, sell-side analysts expect that SoftBank Group will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on SFTBY shares. Citigroup initiated coverage on SoftBank Group in a report on Monday, January 5th. They set a “buy” rating for the company. BTIG Research started coverage on SoftBank Group in a research note on Monday, January 5th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, SoftBank Group has an average rating of “Moderate Buy”.

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.