SoftBank Group Corp. (OTCMKTS:SFTBY) Sees Significant Increase in Short Interest

SoftBank Group Corp. (OTCMKTS:SFTBY) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 90,200 shares, a growth of 40.7% from the November 30th total of 64,100 shares. Based on an average daily trading volume, of 488,100 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded SoftBank Group from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

SoftBank Group Stock Up 0.6 %

SoftBank Group stock traded up $0.16 during mid-day trading on Friday, hitting $29.04. The company had a trading volume of 541,254 shares, compared to its average volume of 524,957. The company has a quick ratio of 0.78, a current ratio of 0.68 and a debt-to-equity ratio of 0.82. SoftBank Group has a 1 year low of $20.60 and a 1 year high of $37.19. The business has a fifty day moving average of $29.58 and a 200 day moving average of $30.10. The stock has a market cap of $85.38 billion, a price-to-earnings ratio of 5.81 and a beta of 1.15.

About SoftBank Group

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.