Short Interest in SoftBank Group Corp. (OTCMKTS:SFTBY) Increases By 46.9%

SoftBank Group Corp. (OTCMKTS:SFTBY) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 196,300 shares, a growth of 46.9% from the May 31st total of 133,600 shares. Based on an average daily volume of 1,298,000 shares, the short-interest ratio is currently 0.2 days.

SoftBank Group Stock Up 1.2 %

OTCMKTS SFTBY traded up $0.38 during trading on Monday, reaching $32.21. 802,600 shares of the company’s stock were exchanged, compared to its average volume of 547,604. The firm has a market capitalization of $94.70 billion, a PE ratio of -44.12 and a beta of 1.18. SoftBank Group has a fifty-two week low of $18.19 and a fifty-two week high of $33.23. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15. The company’s fifty day simple moving average is $28.25 and its 200-day simple moving average is $26.56.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings results on Monday, May 13th. The technology company reported $0.52 EPS for the quarter. SoftBank Group had a negative net margin of 4.14% and a negative return on equity of 2.38%. The business had revenue of $11.82 billion during the quarter. Sell-side analysts predict that SoftBank Group will post 1.94 EPS for the current year.

Analysts Set New Price Targets

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

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.