SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) Short Interest Up 105.6% in September

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

Analyst Ratings Changes

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

SoftBank Group Trading Up 5.8%

Shares of OTCMKTS SFTBY traded up $3.86 during midday trading on Monday, reaching $70.90. 94,628 shares of the stock were exchanged, compared to its average volume of 737,716. The business has a 50-day simple moving average of $53.58 and a two-hundred day simple moving average of $37.40. The company has a market capitalization of $208.45 billion, a price-to-earnings ratio of 17.51 and a beta of 1.31. SoftBank Group has a 12 month low of $19.86 and a 12 month high of $71.99. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.84 and a quick ratio of 0.82.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.28 by $0.74. The business had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.24 billion. SoftBank Group had a net margin of 23.99% and a return on equity of 12.80%. As a group, equities research analysts expect that SoftBank Group will post 2.22 EPS for the current year.

SoftBank Group Company Profile

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.