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

Sony Group Co. (NYSE:SONY - Get Free Report) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 13,440,000 shares, an increase of 42.2% from the March 15th total of 9,450,000 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 5,320,000 shares, the short-interest ratio is currently 2.5 days.

Sony Group Trading Up 0.5 %

NYSE:SONY traded up $0.13 on Thursday, reaching $25.02. The stock had a trading volume of 1,295,245 shares, compared to its average volume of 5,088,510. The company has a market cap of $151.28 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 9.95 and a beta of 0.94. Sony Group has a 12-month low of $15.02 and a 12-month high of $25.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The firm's fifty day moving average is $24.12 and its two-hundred day moving average is $21.57.

Sony Group (NYSE:SONY - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Equities analysts expect that Sony Group will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SONY shares. The Goldman Sachs Group assumed coverage on Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating on the stock. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating for the company. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Oppenheimer restated an "outperform" rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Sony Group has an average rating of "Moderate Buy" and a consensus target price of $28.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Y.D. More Investments Ltd grew its position in Sony Group by 400.0% during the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock valued at $763,000 after acquiring an additional 28,852 shares during the period. Bfsg LLC purchased a new stake in Sony Group during the fourth quarter worth approximately $6,125,000. Fifth Third Bancorp grew its stake in Sony Group by 311.3% during the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock worth $3,337,000 after buying an additional 119,362 shares during the period. West Family Investments Inc. raised its stake in shares of Sony Group by 392.9% in the 4th quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock valued at $566,000 after acquiring an additional 21,303 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of Sony Group by 430.0% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company's stock valued at $854,000 after acquiring an additional 32,725 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

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.