Short Interest in SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) Expands By 26.1%

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 1,414,239 shares, a growth of 26.1% from the December 15th total of 1,121,457 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,239,449 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily trading volume, of 1,239,449 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

SFTBY has been the subject of several recent analyst reports. Citigroup began coverage on SoftBank Group in a report on Monday, January 5th. They issued a “buy” rating for the company. BTIG Research initiated coverage on shares of SoftBank Group in a report on Monday, January 5th. They issued a “buy” rating for the company. Finally, New Street Research lowered shares of SoftBank Group from a “buy” rating to a “neutral” rating in a report on Thursday, September 25th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

SoftBank Group Stock Down 1.1%

SFTBY traded down $0.14 during trading hours on Friday, hitting $12.55. 2,226,862 shares of the company’s stock were exchanged, compared to its average volume of 1,958,747. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.76. SoftBank Group has a 1-year low of $4.97 and a 1-year high of $22.50. The stock’s 50-day moving average is $14.34 and its two-hundred day moving average is $14.26. The stock has a market cap of $143.37 billion, a price-to-earnings ratio of 6.90 and a beta of 1.47.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings data on Tuesday, November 11th. The technology company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $1.34. The company had revenue of $12.44 billion during the quarter, compared to the consensus estimate of $12.61 billion. SoftBank Group had a net margin of 41.42% and a return on equity of 20.96%. Sell-side analysts predict that SoftBank Group will post 2.22 earnings per share for the current fiscal 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.