Sony Group Co. (NYSE:SONY) Short Interest Update

Sony Group Co. (NYSE:SONY - Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 1,960,000 shares, a growth of 34.2% from the March 15th total of 1,460,000 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 806,200 shares, the days-to-cover ratio is currently 2.4 days.

Hedge Funds Weigh In On Sony Group

Institutional investors and hedge funds have recently bought and sold shares of the business. CVA Family Office LLC acquired a new position in shares of Sony Group during the fourth quarter worth approximately $27,000. KB Financial Partners LLC bought a new position in Sony Group in the 1st quarter worth approximately $29,000. Rise Advisors LLC lifted its holdings in Sony Group by 259.2% during the 1st quarter. Rise Advisors LLC now owns 352 shares of the company's stock worth $30,000 after buying an additional 254 shares in the last quarter. Fortitude Family Office LLC bought a new position in Sony Group in the 4th quarter valued at $31,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Sony Group in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 14.05% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SONY shares. Oppenheimer restated an "outperform" rating and issued a $108.00 price objective on shares of Sony Group in a research note on Monday, February 26th. Macquarie cut shares of Sony Group from an "outperform" rating to a "neutral" rating in a research note on Thursday, February 15th. TheStreet upgraded Sony Group from a "c+" rating to a "b-" rating in a research note on Thursday, January 11th. Finally, StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $108.00.

Sony Group Price Performance

SONY stock traded down $0.07 during trading on Friday, hitting $83.99. 777,403 shares of the stock traded hands, compared to its average volume of 547,958. The stock has a market cap of $103.66 billion, a price-to-earnings ratio of 16.21 and a beta of 0.98. Sony Group has a one year low of $79.62 and a one year high of $100.94. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.25. The company has a 50 day simple moving average of $88.26 and a 200 day simple moving average of $88.92.

Sony Group (NYSE:SONY - Get Free Report) last posted its earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.32. The company had revenue of $25.38 billion during the quarter, compared to analysts' expectations of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. Equities analysts expect that Sony Group will post 5.21 EPS for the current fiscal year.

About Sony Group

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.