Short Interest in SoftBank Group Corp. (OTCMKTS:SFTBY) Drops By 19.4%

SoftBank Group Corp. (OTCMKTS:SFTBY) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 205,900 shares, a decline of 19.4% from the February 28th total of 255,500 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,525,900 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

SoftBank Group Stock Down 1.5 %

Shares of OTCMKTS:SFTBY traded down $0.39 during trading hours on Tuesday, reaching $25.29. The stock had a trading volume of 802,195 shares, compared to its average volume of 733,301. The stock has a market capitalization of $74.35 billion, a price-to-earnings ratio of 12.71 and a beta of 1.29. The firm’s 50 day moving average is $29.14 and its 200-day moving average is $29.45. SoftBank Group has a 1 year low of $22.35 and a 1 year high of $37.19. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.68.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported ($0.83) EPS for the quarter. SoftBank Group had a net margin of 12.74% and a return on equity of 6.65%. Research analysts predict that SoftBank Group will post 2.22 earnings per share for the current fiscal year.

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.