SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) Sees Large Increase in Short Interest

Key Points

• Short interest jumped 22.4% to 4,062,290 shares as of March 31, with a days-to-cover ratio of about 1.0 based on average daily volume of 4,230,093 shares.
• SoftBank beat quarterly expectations, reporting $0.14 EPS versus $0.10 expected and $12.90B in revenue, with a net margin of 48.62% and ROE of 23.66%.
• The stock trades around $14 (52‑week range $5.73–$22.50) with a P/E of 6.49 and market cap ≈$160.7B; analyst coverage is mixed with an average rating of Hold (3 Buy, 3 Hold, 1 Sell).

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY - Get Free Report) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 4,062,290 shares, an increase of 22.4% from the March 15th total of 3,318,449 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,230,093 shares, the days-to-cover ratio is currently 1.0 days.

SoftBank Group Price Performance

SFTBY stock opened at $14.07 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.81 and a current ratio of 0.83. SoftBank Group has a 52 week low of $5.73 and a 52 week high of $22.50. The firm's fifty day moving average is $12.63 and its 200 day moving average is $14.59. The firm has a market cap of $160.73 billion, a P/E ratio of 6.49 and a beta of 1.50.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last released its earnings results on Thursday, February 12th. The technology company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04. SoftBank Group had a net margin of 48.62% and a return on equity of 23.66%. The company had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.44 billion. Research analysts predict that SoftBank Group will post 2.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

SFTBY has been the topic of several research reports. Jefferies Financial Group cut shares of SoftBank Group from a "hold" rating to an "underperform" rating in a research report on Thursday, March 12th. Citigroup initiated coverage on shares of SoftBank Group in a research report on Monday, January 5th. They set a "buy" rating on the stock. Zacks Research upgraded shares of SoftBank Group to a "hold" rating in a research report on Tuesday, March 10th. TD Cowen upgraded shares of SoftBank Group to a "hold" rating in a research report on Wednesday, April 1st. Finally, BTIG Research initiated coverage on shares of SoftBank Group in a research report on Monday, January 5th. They set a "buy" rating on the stock. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold".

About SoftBank Group

SoftBank Group Corp is a Tokyo‐based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.

A key pillar of SoftBank's strategy is its investment arm, the SoftBank Vision Fund, which targets high‐growth technology companies around the globe.

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