SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) Short Interest Down 38.3% in April

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 3,725,513 shares, a drop of 38.3% from the April 15th total of 6,033,708 shares. Based on an average daily volume of 5,313,706 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Jefferies Financial Group cut SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. TD Cowen restated a “hold” rating on shares of SoftBank Group in a research note on Thursday. Cantor Fitzgerald assumed coverage on SoftBank Group in a research note on Monday, March 9th. They set an “overweight” rating on the stock. Finally, Zacks Research upgraded SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

SoftBank Group Price Performance

Shares of OTCMKTS SFTBY opened at $17.80 on Friday. SoftBank Group has a fifty-two week low of $6.34 and a fifty-two week high of $22.50. The firm’s 50-day simple moving average is $14.14 and its 200 day simple moving average is $14.54. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The stock has a market cap of $203.34 billion, a P/E ratio of 6.14 and a beta of 1.70.

SoftBank Group (OTCMKTS:SFTBY) last issued its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.86. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%. The business had revenue of $13.17 billion for the quarter, compared to analysts’ expectations of $12.54 billion. Equities analysts expect that SoftBank Group will post 0.05 EPS for the current year.

About SoftBank Group

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.