Short Interest in SoftBank Group Corp. (OTCMKTS:SFTBY) Grows By 195.6%

SoftBank Group Corp. (OTCMKTS:SFTBY - Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 266,600 shares, an increase of 195.6% from the December 15th total of 90,200 shares. Based on an average daily volume of 1,020,800 shares, the days-to-cover ratio is presently 0.3 days.

SoftBank Group Price Performance

SFTBY stock traded down $0.06 during midday trading on Tuesday, reaching $28.64. The stock had a trading volume of 332,548 shares, compared to its average volume of 419,637. SoftBank Group has a 52-week low of $21.52 and a 52-week high of $37.19. The company has a market cap of $84.20 billion, a price-to-earnings ratio of 5.73 and a beta of 1.14. The company's fifty day simple moving average is $29.43 and its 200 day simple moving average is $29.86. The company has a current ratio of 0.68, a quick ratio of 0.78 and a debt-to-equity ratio of 0.82.

Analyst Upgrades and Downgrades

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

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.

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