Sony Corporation (NYSE:SONY) Short Interest Update

Sony Corporation (NYSE:SONYGet Free Report) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 11,628,802 shares, a growth of 29.6% from the January 15th total of 8,976,277 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 7,580,156 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 7,580,156 shares, the short-interest ratio is currently 1.5 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Sony

Several institutional investors have recently modified their holdings of SONY. Brighton Jones LLC lifted its holdings in Sony by 422.0% during the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock worth $421,000 after buying an additional 16,094 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Sony by 26.7% during the 1st quarter. AQR Capital Management LLC now owns 178,889 shares of the company’s stock worth $4,542,000 after acquiring an additional 37,677 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Sony by 23.4% during the second quarter. Sivia Capital Partners LLC now owns 22,013 shares of the company’s stock worth $573,000 after purchasing an additional 4,172 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in Sony by 32.0% during the second quarter. Concurrent Investment Advisors LLC now owns 10,650 shares of the company’s stock worth $277,000 after purchasing an additional 2,583 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in Sony by 188.6% in the second quarter. Yousif Capital Management LLC now owns 62,581 shares of the company’s stock valued at $1,629,000 after purchasing an additional 40,896 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on SONY shares. Wolfe Research upgraded Sony from a “peer perform” rating to an “outperform” rating in a research report on Wednesday, November 5th. Nomura raised Sony from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 19th. Wall Street Zen raised shares of Sony to a “hold” rating in a research note on Saturday, December 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $30.00 target price (down from $33.00) on shares of Sony in a research note on Wednesday, January 14th. Finally, Zacks Research cut shares of Sony from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Sony currently has an average rating of “Moderate Buy” and an average price target of $31.50.

Read Our Latest Analysis on SONY

Sony Stock Up 1.4%

SONY stock opened at $23.18 on Monday. The company’s 50 day moving average price is $24.50 and its 200 day moving average price is $27.01. The firm has a market capitalization of $140.18 billion, a price-to-earnings ratio of -115.89, a PEG ratio of 8.37 and a beta of 0.97. Sony has a fifty-two week low of $20.42 and a fifty-two week high of $30.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.22.

Key Headlines Impacting Sony

Here are the key news stories impacting Sony this week:

About Sony

(Get Free Report)

Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.

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