SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) Short Interest Update

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 7,072,938 shares, an increase of 400.1% from the December 31st total of 1,414,239 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 4,019,363 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily volume of 4,019,363 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SFTBY shares. Citigroup started coverage on shares of SoftBank Group in a research note on Monday, January 5th. They issued a “buy” rating on the stock. BTIG Research initiated coverage on SoftBank Group in a report on Monday, January 5th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

SoftBank Group Stock Performance

Shares of OTCMKTS SFTBY opened at $13.09 on Wednesday. SoftBank Group has a 1 year low of $4.97 and a 1 year high of $22.50. The firm has a market cap of $149.54 billion, a P/E ratio of 7.19 and a beta of 1.47. The stock has a fifty day moving average price of $13.80 and a two-hundred day moving average price of $14.48. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.90 and a current ratio of 0.92.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings data on Tuesday, November 11th. The technology company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $0.14 by $1.34. The business had revenue of $12.44 billion during the quarter, compared to analyst estimates of $12.61 billion. SoftBank Group had a return on equity of 20.96% and a net margin of 41.42%. Research analysts forecast that SoftBank Group will post 2.22 EPS for the current fiscal year.

SoftBank Group Company Profile

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.