SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) Short Interest Update

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) was the target of a significant drop in short interest in 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. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 5,313,706 shares, the short-interest ratio is presently 0.7 days.

Analysts Set New Price Targets

SFTBY has been the subject of a number of analyst reports. Zacks Research raised shares of SoftBank Group to a “hold” rating in a research report on Tuesday, March 10th. Cantor Fitzgerald started coverage on shares of SoftBank Group in a research report on Monday, March 9th. They issued an “overweight” rating for the company. Jefferies Financial Group downgraded shares of SoftBank Group from a “hold” rating to an “underperform” rating in a research report on Thursday, March 12th. Sanford C. Bernstein started coverage on shares of SoftBank Group in a research report on Monday. They issued an “outperform” rating for the company. Finally, TD Cowen reissued a “hold” rating on shares of SoftBank Group in a research report on Thursday. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

SoftBank Group Stock Performance

Shares of OTCMKTS SFTBY traded up $0.30 during mid-day trading on Monday, reaching $18.10. 2,231,673 shares of the company were exchanged, compared to its average volume of 2,366,267. The company’s 50-day simple moving average is $14.14 and its 200-day simple moving average is $14.50. 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 capitalization of $206.77 billion, a P/E ratio of 6.25 and a beta of 1.70. SoftBank Group has a twelve month low of $6.34 and a twelve month high of $22.50.

SoftBank Group (OTCMKTS:SFTBY) last posted its earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.86. The company had revenue of $13.17 billion during the quarter, compared to analysts’ expectations of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%. As a group, research analysts predict that SoftBank Group will post 0.05 earnings per share 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.