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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBYGet Free Report) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 3,991,075 shares, a drop 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 presently 1.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 3,906,372 shares, the days-to-cover ratio is presently 1.0 days.

SoftBank Group News Summary

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

Analyst Ratings Changes

A number of brokerages recently issued reports on SFTBY. Cantor Fitzgerald began coverage on SoftBank Group in a research report on Monday, March 9th. They issued an “overweight” rating for the company. Citigroup began coverage on SoftBank Group in a research report on Monday, January 5th. They set a “buy” rating on the stock. Jefferies Financial Group cut SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday. Zacks Research upgraded shares of SoftBank Group to a “hold” rating in a research report on Tuesday, March 10th. Finally, BTIG Research began coverage on shares of SoftBank Group in a report on Monday, January 5th. They issued 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Check Out Our Latest Research Report on SFTBY

SoftBank Group Stock Performance

OTCMKTS SFTBY opened at $11.02 on Friday. The firm has a market cap of $125.89 billion, a P/E ratio of 5.08 and a beta of 1.46. SoftBank Group has a 52-week low of $4.97 and a 52-week high of $22.50. The business’s 50-day moving average price is $13.41 and its 200 day moving average price is $15.01. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.96.

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

About SoftBank Group

(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.

Featured Articles

Receive News & Ratings for SoftBank Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SoftBank Group and related companies with MarketBeat.com's FREE daily email newsletter.