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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 3,725,513 shares, a drop of 38.3% from the April 15th total of 6,033,708 shares. Based on an average daily trading volume, of 5,313,706 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the shares of the stock are short sold.

SoftBank Group Trading Up 1.7%

Shares of SFTBY stock opened at $18.10 on Tuesday. The stock has a market capitalization of $206.77 billion, a price-to-earnings ratio of 6.25 and a beta of 1.70. SoftBank Group has a 12-month low of $6.34 and a 12-month high of $22.50. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.96. The stock’s 50-day moving average price is $14.27 and its 200-day moving average price is $14.47.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings results on Wednesday, May 13th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.86. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%. The firm had revenue of $13.17 billion during the quarter, compared to analysts’ expectations of $12.54 billion. Equities research analysts predict that SoftBank Group will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SFTBY shares. Zacks Research raised shares of SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. Sanford C. Bernstein started coverage on SoftBank Group in a research report on Monday. They set an “outperform” rating on the stock. TD Cowen reiterated a “hold” rating on shares of SoftBank Group in a report on Thursday. Jefferies Financial Group lowered shares of SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. Finally, Cantor Fitzgerald started coverage on SoftBank Group in a report on Monday, March 9th. They set an “overweight” rating for the company. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SoftBank Group has a consensus rating of “Hold”.

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.