SoftBank Group Corp. (OTCMKTS:SFTBY) Sees Large Growth in Short Interest

SoftBank Group Corp. (OTCMKTS:SFTBY) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 196,300 shares, an increase of 46.9% from the May 31st total of 133,600 shares. Based on an average daily trading volume, of 1,298,000 shares, the short-interest ratio is currently 0.2 days.

SoftBank Group Stock Performance

SFTBY stock traded up $0.38 during midday trading on Friday, hitting $32.21. The company’s stock had a trading volume of 802,673 shares, compared to its average volume of 666,637. The stock’s 50-day moving average price is $28.25 and its 200 day moving average price is $26.56. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.15. SoftBank Group has a 1 year low of $18.19 and a 1 year high of $33.23. The stock has a market cap of $94.70 billion, a price-to-earnings ratio of -44.12 and a beta of 1.15.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings data on Monday, May 13th. The technology company reported $0.52 earnings per share for the quarter. SoftBank Group had a negative return on equity of 2.38% and a negative net margin of 4.14%. The business had revenue of $11.82 billion for the quarter. On average, equities analysts forecast that SoftBank Group will post 1.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised SoftBank Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th.

About SoftBank Group

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.