SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) Short Interest Up 52.0% in July

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,347,582 shares, an increase of 52.0% from the July 15th total of 4,175,247 shares. Based on an average daily trading volume, of 9,003,666 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the shares of the company are short sold.

SoftBank Group Stock Up 1.2%

SoftBank Group stock opened at $18.17 on Tuesday. The stock has a market cap of $207.57 billion, a PE ratio of 6.41 and a beta of 1.87. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 0.80. SoftBank Group has a one year low of $10.55 and a one year high of $28.97. The stock has a fifty day moving average of $18.69 and a 200 day moving average of $16.64.

SoftBank Group (OTCMKTS:SFTBY) last posted its earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The company had revenue of $12.82 billion for the quarter, compared to the consensus estimate of $12.23 billion. SoftBank Group had a return on equity of 26.38% and a net margin of 62.60%. As a group, sell-side analysts predict that SoftBank Group will post -0.34 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of SoftBank Group from a “hold” rating to a “buy” rating in a research note on Friday, June 26th. Sanford C. Bernstein reissued an “outperform” rating on shares of SoftBank Group in a report on Wednesday, June 17th. Finally, TD Cowen restated a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About SoftBank Group

SoftBank Group Corp is a Tokyo?based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.

A key pillar of SoftBank’s strategy is its investment arm, the SoftBank Vision Fund, which targets high?growth technology companies around the globe.