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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 6,347,582 shares, an increase of 52.0% from the July 15th total of 4,175,247 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 9,003,666 shares, the days-to-cover ratio is presently 0.7 days.

SoftBank Group Price Performance

SFTBY stock opened at $16.58 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.80 and a quick ratio of 0.78. The business has a 50 day simple moving average of $18.57 and a 200-day simple moving average of $16.69. The firm has a market capitalization of $189.40 billion, a PE ratio of 5.85 and a beta of 1.87. SoftBank Group has a 1 year low of $10.55 and a 1 year high of $28.97.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.07 by $0.12. The firm had revenue of $12.82 billion during the quarter, compared to analysts’ expectations of $12.23 billion. SoftBank Group had a return on equity of 26.38% and a net margin of 62.60%. Equities research analysts anticipate that SoftBank Group will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on SFTBY. Deutsche Bank Aktiengesellschaft raised SoftBank Group from a “hold” rating to a “buy” rating in a research note on Friday, June 26th. TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a report on Thursday, May 14th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of SoftBank Group in a research report on Wednesday, June 17th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

SoftBank Group Company Profile

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.