Sony Corp (SNE) Short Interest Update

Sony Corp (NYSE:SNE) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,409,540 shares, a growth of 77.0% from the November 30th total of 796,394 shares. Based on an average trading volume of 909,037 shares, the days-to-cover ratio is presently 1.6 days.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services Inc purchased a new stake in Sony in the third quarter valued at approximately $215,000. Bank of New York Mellon Corp raised its stake in Sony by 105.6% in the second quarter. Bank of New York Mellon Corp now owns 816,725 shares of the company’s stock valued at $31,191,000 after purchasing an additional 419,493 shares in the last quarter. OxFORD Asset Management LLP raised its stake in Sony by 113.3% in the third quarter. OxFORD Asset Management LLP now owns 308,557 shares of the company’s stock valued at $11,522,000 after purchasing an additional 163,905 shares in the last quarter. Stifel Financial Corp raised its stake in Sony by 6.3% in the third quarter. Stifel Financial Corp now owns 137,358 shares of the company’s stock valued at $5,133,000 after purchasing an additional 8,197 shares in the last quarter. Finally, Athos Capital Ltd raised its stake in Sony by 280.0% in the third quarter. Athos Capital Ltd now owns 34,200 shares of the company’s stock valued at $2,937,000 after purchasing an additional 25,200 shares in the last quarter. 6.77% of the stock is currently owned by institutional investors and hedge funds.

Sony (NYSE SNE) opened at $46.30 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.71. Sony has a 1 year low of $28.42 and a 1 year high of $48.33. The company has a market cap of $57,720.00, a P/E ratio of 25.87 and a beta of 1.80.

A number of equities analysts have recently commented on SNE shares. Jefferies Group restated a “buy” rating and issued a $59.84 price objective on shares of Sony in a research report on Friday, November 17th. Citigroup lowered shares of Sony from a “buy” rating to a “neutral” rating and cut their price objective for the company from $40.60 to $39.93 in a research report on Monday, September 11th. Morgan Stanley lowered shares of Sony from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 11th. Credit Suisse Group lowered shares of Sony from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 19th. Finally, Zacks Investment Research lowered shares of Sony from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Sony has a consensus rating of “Buy” and an average price target of $48.19.

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About Sony

Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.

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