SoftBank Group Corp. (OTCMKTS:SFTBY) Sees Significant Increase in Short Interest

SoftBank Group Corp. (OTCMKTS:SFTBY) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 90,200 shares, a growth of 40.7% from the November 30th total of 64,100 shares. Based on an average daily volume of 488,100 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

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

SoftBank Group Stock Up 0.6 %

Shares of OTCMKTS:SFTBY traded up $0.16 during trading on Friday, hitting $29.04. The company’s stock had a trading volume of 541,254 shares, compared to its average volume of 524,957. SoftBank Group has a fifty-two week low of $20.60 and a fifty-two week high of $37.19. The business has a 50 day moving average price of $29.58 and a two-hundred day moving average price of $30.10. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.78 and a current ratio of 0.68. The company has a market capitalization of $85.38 billion, a PE ratio of 5.81 and a beta of 1.15.

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.