Short Interest in Sony Group Co. (NYSE:SONY) Decreases By 26.0%

Sony Group Co. (NYSE:SONY - Get Free Report) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 1,450,000 shares, a decrease of 26.0% from the March 31st total of 1,960,000 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 776,900 shares, the short-interest ratio is currently 1.9 days.

Wall Street Analysts Forecast Growth

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

Sony Group Trading Down 0.1 %

NYSE SONY traded down $0.11 on Friday, hitting $82.33. The company's stock had a trading volume of 440,632 shares, compared to its average volume of 572,522. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.25. Sony Group has a 1-year low of $79.62 and a 1-year high of $100.94. The company's 50-day moving average is $85.70 and its 200 day moving average is $88.88. The firm has a market cap of $101.61 billion, a PE ratio of 15.89 and a beta of 0.98.

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

Hedge Funds Weigh In On Sony Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CVA Family Office LLC acquired a new stake in shares of Sony Group during the fourth quarter worth $27,000. Sunbelt Securities Inc. acquired a new stake in shares of Sony Group during the first quarter worth $29,000. Rise Advisors LLC increased its position in shares of Sony Group by 259.2% during the first quarter. Rise Advisors LLC now owns 352 shares of the company's stock worth $30,000 after buying an additional 254 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of Sony Group during the fourth quarter worth $31,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Sony Group during the fourth quarter worth $34,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

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.