SoftBank Group Corp. (OTCMKTS:SFTBY) Short Interest Update
SoftBank Group Corp. (OTCMKTS:SFTBY) experienced a significant increase in short interest, rising 40.7% to 90,200 shares as of December 15th. The short-interest ratio is currently 0.2 days based on an average trading volume of 488,100 shares. Additionally, Jefferies Financial Group downgraded the stock from a "buy" to a "hold" rating. The stock traded at $29.04 with a market cap of $85.38 billion and a P/E ratio of 5.81. SoftBank provides telecommunications services and operates various segments including investment and broadband services.
SoftBank Group Corp. (OTCMKTS:SFTBY - Get Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 90,200 shares, an increase of 40.7% from the November 30th total of 64,100 shares. Based on an average trading volume of 488,100 shares, the short-interest ratio is presently 0.2 days.
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Separately, Jefferies Financial Group lowered shares of SoftBank Group from a "buy" rating to a "hold" rating in a research note on Friday, December 20th.
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SoftBank Group Stock Performance
OTCMKTS:SFTBY traded up $0.16 during trading hours on Friday, reaching $29.04. 541,254 shares of the stock were exchanged, compared to its average volume of 524,957. The stock has a market capitalization of $85.38 billion, a P/E 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. The company has a quick ratio of 0.78, a current ratio of 0.68 and a debt-to-equity ratio of 0.82. SoftBank Group has a 52 week low of $20.60 and a 52 week high of $37.19.
About SoftBank Group
(Get Free Report)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.
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