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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 469,900 shares, an increase of 105.6% from the August 31st total of 228,500 shares. Based on an average trading volume of 1,276,100 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 1,276,100 shares, the days-to-cover ratio is currently 0.4 days.

SoftBank Group Stock Up 1.4%

Shares of OTCMKTS:SFTBY opened at $67.04 on Friday. The firm’s 50 day simple moving average is $53.58 and its 200 day simple moving average is $37.24. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.99. SoftBank Group has a fifty-two week low of $19.86 and a fifty-two week high of $68.65.

SoftBank Group (OTCMKTS:SFTBY) last announced its earnings results on Thursday, August 7th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.28 by $0.74. The firm had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.24 billion. SoftBank Group had a net margin of 23.99% and a return on equity of 12.80%. On average, equities research analysts anticipate that SoftBank Group will post 2.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, New Street Research lowered shares of SoftBank Group from a “buy” rating to a “neutral” rating in a research note on Thursday, September 25th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.