SoftBank Group Corp. (OTCMKTS:SFTBY) Short Interest Down 67.0% in February

SoftBank Group Corp. (OTCMKTS:SFTBY) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 493,900 shares, a drop of 67.0% from the January 31st total of 1,495,500 shares. Based on an average daily volume of 1,350,200 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

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

SoftBank Group Stock Down 1.9 %

OTCMKTS:SFTBY traded down $0.54 during midday trading on Friday, hitting $27.67. 351,095 shares of the company were exchanged, compared to its average volume of 789,264. The company has a fifty day simple moving average of $30.18 and a 200 day simple moving average of $29.69. SoftBank Group has a fifty-two week low of $22.35 and a fifty-two week high of $37.19. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $81.35 billion, a PE ratio of 13.90 and a beta of 1.14.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported ($0.83) EPS for the quarter. SoftBank Group had a return on equity of 6.65% and a net margin of 12.74%. As a group, equities analysts anticipate that SoftBank Group will post 2.22 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.