Sony Corp Ord (SNE) Short Interest Update
Sony Corp Ord (NYSE:SNE) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 647,162 shares, a drop of 34.7% from the October 13th total of 991,504 shares. Based on an average daily trading volume, of 1,236,510 shares, the days-to-cover ratio is currently 0.5 days.
Shares of Sony Corp Ord (SNE) opened at $46.08 on Tuesday. Sony Corp Ord has a 52-week low of $27.72 and a 52-week high of $47.59. The firm has a market capitalization of $58,381.73, a price-to-earnings ratio of 25.97 and a beta of 1.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 0.86.
Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of Sony Corp Ord by 105.6% during the second quarter. Bank of New York Mellon Corp now owns 816,725 shares of the company’s stock worth $31,191,000 after purchasing an additional 419,493 shares during the last quarter. Allen Investment Management LLC raised its holdings in shares of Sony Corp Ord by 60.5% in the second quarter. Allen Investment Management LLC now owns 20,132 shares of the company’s stock valued at $769,000 after acquiring an additional 7,590 shares in the last quarter. Aperio Group LLC raised its holdings in shares of Sony Corp Ord by 10.8% in the second quarter. Aperio Group LLC now owns 621,910 shares of the company’s stock valued at $23,751,000 after acquiring an additional 60,660 shares in the last quarter. Columbia Asset Management raised its holdings in shares of Sony Corp Ord by 11.8% in the second quarter. Columbia Asset Management now owns 33,870 shares of the company’s stock valued at $1,293,000 after acquiring an additional 3,575 shares in the last quarter. Finally, Credit Suisse AG bought a new stake in shares of Sony Corp Ord in the first quarter valued at about $6,978,000. Institutional investors and hedge funds own 6.69% of the company’s stock.
A number of analysts recently issued reports on SNE shares. Jefferies Group LLC restated a “buy” rating and issued a $45.74 price target on shares of Sony Corp Ord in a research report on Thursday, August 3rd. Morgan Stanley downgraded Sony Corp Ord from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 11th. Zacks Investment Research downgraded Sony Corp Ord from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Credit Suisse Group downgraded Sony Corp Ord from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 19th. Finally, Citigroup Inc. downgraded Sony Corp Ord from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $40.60 to $39.93 in a research report on Monday, September 11th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $43.42.
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About Sony Corp Ord
Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.
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