Short Interest in SoftBank Group Corp. (OTCMKTS:SFTBY) Drops By 67.0%

SoftBank Group Corp. (OTCMKTS:SFTBY) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 493,900 shares, a decrease of 67.0% from the January 31st total of 1,495,500 shares. Based on an average daily trading volume, of 1,350,200 shares, the days-to-cover ratio is currently 0.4 days.

SoftBank Group Trading Down 3.9 %

Shares of OTCMKTS SFTBY traded down $1.14 during mid-day trading on Friday, reaching $28.21. The company had a trading volume of 355,092 shares, compared to its average volume of 800,797. The business’s 50-day moving average is $30.19 and its 200-day moving average is $29.67. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.82. The stock has a market cap of $82.94 billion, a price-to-earnings ratio of 14.18 and a beta of 1.14. SoftBank Group has a 52 week low of $22.35 and a 52 week high of $37.19.

SoftBank Group (OTCMKTS:SFTBY) last issued its earnings results on Wednesday, February 12th. The technology company reported ($0.83) EPS for the quarter. SoftBank Group had a return on equity of 6.65% and a net margin of 12.74%. Equities analysts expect that SoftBank Group will post 2.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group downgraded SoftBank Group from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

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.