SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) Short Interest Down 33.4% in February

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBYGet Free Report) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 3,991,075 shares, a decrease of 33.4% from the February 12th total of 5,994,575 shares. Based on an average daily volume of 3,906,372 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 3,906,372 shares, the days-to-cover ratio is currently 1.0 days.

Key Stories Impacting SoftBank Group

Here are the key news stories impacting SoftBank Group this week:

SoftBank Group Trading Down 7.0%

Shares of SoftBank Group stock opened at $11.20 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.81. The business has a fifty day simple moving average of $13.48 and a two-hundred day simple moving average of $15.01. SoftBank Group has a 1 year low of $4.97 and a 1 year high of $22.50. The company has a market capitalization of $127.95 billion, a price-to-earnings ratio of 5.17 and a beta of 1.46.

SoftBank Group (OTCMKTS:SFTBYGet Free Report) last issued its quarterly earnings data on Thursday, February 12th. The technology company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. The company had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.44 billion. SoftBank Group had a net margin of 48.62% and a return on equity of 23.66%. Research analysts forecast that SoftBank Group will post 2.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Jefferies Financial Group cut shares of SoftBank Group from a “hold” rating to an “underperform” rating in a research report on Thursday. Cantor Fitzgerald began coverage on SoftBank Group in a report on Monday. They set an “overweight” rating on the stock. Zacks Research raised SoftBank Group to a “hold” rating in a research report on Tuesday. Citigroup began coverage on SoftBank Group in a report on Monday, January 5th. They issued a “buy” rating for the company. Finally, BTIG Research began coverage on shares of SoftBank Group in a research report on Monday, January 5th. They set a “buy” rating on the stock. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

View Our Latest Stock Analysis on SoftBank Group

SoftBank Group Company Profile

(Get Free Report)

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.

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