SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) Short Interest Up 52.0% in July

Key Points

• Short interest in SoftBank Group rose 52% to 6.35 million shares as of July 31, though only about 0.1% of shares are sold short and the short-interest ratio remains low at 0.7 days.
• Analyst sentiment is mixed: five analysts rate the stock a Buy, three recommend Hold and one recommends Sell, resulting in an overall average rating of Hold.
• SoftBank shares were up 1.2% to $18.17, while the company’s latest quarterly results exceeded expectations with earnings per share of $0.19 versus a $0.07 consensus estimate and revenue of $12.82 billion.

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY - Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 6,347,582 shares, a growth of 52.0% from the July 15th total of 4,175,247 shares. Based on an average daily volume of 9,003,666 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the company's stock are sold short.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Sanford C. Bernstein reissued an "outperform" rating on shares of SoftBank Group in a research report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft upgraded SoftBank Group from a "hold" rating to a "buy" rating in a research note on Friday, June 26th. Finally, TD Cowen reissued a "hold" rating on shares of SoftBank Group in a research note on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold".

SoftBank Group Trading Up 1.2%

Shares of OTCMKTS SFTBY opened at $18.17 on Tuesday. The firm's 50 day moving average price is $18.69 and its 200-day moving average price is $16.64. SoftBank Group has a 52-week low of $10.55 and a 52-week high of $28.97. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 0.80. The company has a market cap of $207.57 billion, a PE ratio of 6.41 and a beta of 1.87.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.12. SoftBank Group had a net margin of 62.60% and a return on equity of 26.38%. The company had revenue of $12.82 billion during the quarter, compared to the consensus estimate of $12.23 billion. On average, equities research analysts expect that SoftBank Group will post -0.34 EPS for the current fiscal year.

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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