Sony Corp (NYSE:SNE) Short Interest Down 8.1% in August

Sony Corp (NYSE:SNE) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 4,084,900 shares, a decrease of 8.1% from the July 31st total of 4,445,800 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 1,370,000 shares, the short-interest ratio is currently 3.0 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Republic Investment Management Inc. grew its holdings in Sony by 87.6% in the 2nd quarter. First Republic Investment Management Inc. now owns 10,352 shares of the company’s stock valued at $542,000 after buying an additional 4,835 shares during the last quarter. Aperio Group LLC grew its holdings in Sony by 7.4% in the 2nd quarter. Aperio Group LLC now owns 812,580 shares of the company’s stock valued at $42,571,000 after buying an additional 56,327 shares during the last quarter. CapWealth Advisors LLC acquired a new stake in Sony in the 2nd quarter valued at approximately $5,976,000. AE Wealth Management LLC acquired a new stake in Sony in the 2nd quarter valued at approximately $1,497,000. Finally, Cookson Peirce & Co. Inc. acquired a new stake in Sony in the 2nd quarter valued at approximately $497,000. 8.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE SNE traded up $0.11 during mid-day trading on Friday, reaching $60.36. 661,200 shares of the company traded hands, compared to its average volume of 1,476,383. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.72 and a current ratio of 0.83. The stock has a market cap of $76.20 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 1.94 and a beta of 1.42. The company’s fifty day moving average is $56.29 and its two-hundred day moving average is $50.96. Sony has a fifty-two week low of $41.91 and a fifty-two week high of $61.02.

Sony (NYSE:SNE) last released its earnings results on Tuesday, July 30th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.30. The firm had revenue of $17.52 billion for the quarter, compared to analyst estimates of $18.21 billion. Sony had a return on equity of 19.21% and a net margin of 9.70%. Research analysts forecast that Sony will post 3.97 earnings per share for the current year.

About Sony

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.

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