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

Sony Group Co. (NYSE:SONY - Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 11,650,000 shares, an increase of 41.0% from the May 15th total of 8,260,000 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 6,570,000 shares, the short-interest ratio is currently 1.8 days.

Sony Group Price Performance

NYSE SONY traded up $0.19 during trading on Monday, reaching $26.12. 3,965,155 shares of the company traded hands, compared to its average volume of 4,388,312. Sony Group has a 1-year low of $15.86 and a 1-year high of $26.95. The company has a market cap of $157.93 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 9.95 and a beta of 0.96. The stock's 50 day moving average price is $25.16 and its two-hundred day moving average price is $23.48. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Hedge Funds Weigh In On Sony Group

Several hedge funds and other institutional investors have recently modified their holdings of SONY. Primecap Management Co. CA raised its stake in Sony Group by 379.5% during the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock worth $2,158,232,000 after acquiring an additional 80,724,932 shares in the last quarter. Aristotle Capital Management LLC increased its position in shares of Sony Group by 393.7% during the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock worth $1,116,653,000 after purchasing an additional 42,083,842 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Sony Group by 425.9% during the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock worth $961,089,000 after purchasing an additional 36,783,737 shares in the last quarter. Bank of America Corp DE lifted its holdings in Sony Group by 377.7% during the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock valued at $503,713,000 after purchasing an additional 18,821,902 shares during the last quarter. Finally, Fiduciary Management Inc. WI boosted its position in Sony Group by 377.2% in the fourth quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock valued at $218,382,000 after buying an additional 8,157,776 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Wall Street Zen cut Sony Group from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group initiated coverage on Sony Group in a research report on Tuesday, March 25th. They issued a "buy" rating for the company. Finally, Oppenheimer reiterated an "outperform" rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $28.00.

Sony Group Company Profile

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.

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