Short Interest in SoftBank Group Corp. (OTCMKTS:SFTBY) Rises By 40.7%

SoftBank Group Corp. (OTCMKTS:SFTBY) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 90,200 shares, a growth of 40.7% from the November 30th total of 64,100 shares. Based on an average daily volume of 488,100 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

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

SoftBank Group Stock Performance

Shares of SFTBY stock traded up $0.16 during trading hours on Friday, reaching $29.04. The stock had a trading volume of 541,254 shares, compared to its average volume of 524,957. The firm has a market capitalization of $85.38 billion, a PE ratio of 5.81 and a beta of 1.15. The firm has a 50-day simple moving average of $29.58 and a 200-day simple moving average of $30.10. SoftBank Group has a twelve month low of $20.60 and a twelve month high of $37.19. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.68 and a quick ratio of 0.78.

SoftBank Group Company Profile

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.