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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 6,347,582 shares, an increase of 52.0% from the July 15th total of 4,175,247 shares. Based on an average daily trading volume, of 9,003,666 shares, the short-interest ratio is currently 0.7 days. Currently, 0.1% of the shares of the stock are short sold.

SoftBank Group Stock Down 3.9%

OTCMKTS SFTBY opened at $17.46 on Wednesday. The business has a fifty day moving average price of $18.63 and a two-hundred day moving average price of $16.67. The stock has a market capitalization of $199.51 billion, a PE ratio of 6.17 and a beta of 1.87. SoftBank Group has a fifty-two week low of $10.55 and a fifty-two week high of $28.97. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.80 and a quick ratio of 0.78.

SoftBank Group (OTCMKTS:SFTBY) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.12. SoftBank Group had a return on equity of 26.38% and a net margin of 62.60%.The company had revenue of $12.82 billion for the quarter, compared to analyst estimates of $12.23 billion. Equities analysts expect that SoftBank Group will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SFTBY shares. Deutsche Bank Aktiengesellschaft raised SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. TD Cowen reiterated a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of SoftBank Group in a report on Wednesday, June 17th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.