SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) Sees Significant Increase in Short Interest

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 5,749,676 shares, a growth of 85.2% from the June 15th total of 3,104,844 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 12,227,017 shares, the days-to-cover ratio is presently 0.5 days.

SoftBank Group Stock Down 6.2%

SFTBY opened at $17.76 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 0.80. The company has a market cap of $202.88 billion, a price-to-earnings ratio of 6.13 and a beta of 1.83. SoftBank Group has a one year low of $8.88 and a one year high of $28.97. The business’s fifty day moving average is $20.69 and its two-hundred day moving average is $16.12.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.86. The business had revenue of $13.17 billion during the quarter, compared to analysts’ expectations of $12.54 billion. SoftBank Group had a return on equity of 28.68% and a net margin of 64.12%. Analysts anticipate that SoftBank Group will post 0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of SoftBank Group from a “hold” rating to a “buy” rating in a report on Friday, June 26th. TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a report on Thursday, May 14th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of SoftBank Group in a research report on Wednesday, June 17th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

About SoftBank Group

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.