Short Interest in SoftBank Group Corp. (OTCMKTS:SFTBY) Expands By 131.8%

SoftBank Group Corp. (OTCMKTS:SFTBY) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 103,600 shares, a growth of 131.8% from the August 31st total of 44,700 shares. Based on an average daily volume of 878,300 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of SoftBank Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th.

SoftBank Group Trading Down 4.5 %

OTCMKTS SFTBY traded down $1.42 during mid-day trading on Friday, reaching $29.88. 623,496 shares of the stock were exchanged, compared to its average volume of 548,522. SoftBank Group has a 1-year low of $18.19 and a 1-year high of $37.19. The business’s fifty day simple moving average is $28.81 and its 200 day simple moving average is $29.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.78 and a current ratio of 0.79. The stock has a market capitalization of $87.85 billion, a PE ratio of -40.93 and a beta of 1.16.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.40) earnings per share for the quarter. SoftBank Group had a net margin of 0.92% and a return on equity of 0.50%. The firm had revenue of $10.92 billion during the quarter. On average, research analysts anticipate that SoftBank Group will post 2.13 earnings per share for the current fiscal year.

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.