Short Interest in SoftBank Group Corp. (OTCMKTS:SFTBY) Decreases By 19.4%

SoftBank Group Corp. (OTCMKTS:SFTBY) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 205,900 shares, a drop of 19.4% from the February 28th total of 255,500 shares. Based on an average trading volume of 1,525,900 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

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

SoftBank Group Stock Performance

OTCMKTS:SFTBY opened at $25.27 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.68. The stock has a 50-day simple moving average of $29.03 and a two-hundred day simple moving average of $29.42. The firm has a market capitalization of $74.28 billion, a PE ratio of 12.70 and a beta of 1.29. SoftBank Group has a 52-week low of $22.35 and a 52-week high of $37.19.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported ($0.83) earnings per share for the quarter. SoftBank Group had a net margin of 12.74% and a return on equity of 6.65%. Analysts forecast 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.