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

SoftBank Group Corp. (OTCMKTS:SFTBY) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 205,900 shares, a drop of 19.4% from the February 28th total of 255,500 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,525,900 shares, the days-to-cover ratio is currently 0.1 days.

SoftBank Group Price Performance

SoftBank Group stock traded down $0.39 during trading on Tuesday, reaching $25.29. The company had a trading volume of 802,195 shares, compared to its average volume of 733,301. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.68. The firm has a market capitalization of $74.35 billion, a PE ratio of 12.71 and a beta of 1.29. SoftBank Group has a 1-year low of $22.35 and a 1-year high of $37.19. The firm’s 50-day simple moving average is $29.14 and its 200 day simple moving average is $29.45.

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

Analyst Ratings Changes

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

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.