Short Interest Update on SoftBank Group Corp. (OTCMKTS:SFTBY)

SoftBank Group Corp. (OTCMKTS:SFTBY) experienced a significant rise in short interest during December. As of December 15th, the total short interest reached 90,200 shares, marking an increase of 40.7% compared to the 64,100 shares reported on November 30th. Given the average trading volume of 488,100 shares, the current short-interest ratio is 0.2 days.

Analyst Opinions

In related news, Jefferies Financial Group recently changed their outlook on SoftBank Group, downgrading the stock from a "buy" rating to a "hold" rating in a research note dated December 20th.

SoftBank Group's Stock Performance

On the trading day last Friday, shares of OTCMKTS:SFTBY rose by $0.16, bringing the stock price to $29.04. The trading volume recorded that day was 541,254 shares, in contrast to its average daily volume of 524,957 shares. SoftBank Group boasts a market capitalization of $85.38 billion, a price-to-earnings (P/E) ratio of 5.81, and a beta of 1.15. Over the past 50 days, the stock has maintained a simple moving average of $29.58, while its 200-day simple moving average stands at $30.10. Notably, the company’s quick ratio is 0.78, its current ratio is 0.68, and the debt-to-equity ratio is 0.82. The stock's performance over the past year has seen a low of $20.60 and a high of $37.19.

About SoftBank Group

SoftBank Group Corp. is a telecommunications and investment company based in Japan, and it operates both domestically and internationally. The company operates through various segments including its Investment Business of Holding Companies, SoftBank Vision Funds, and Arm, among others. It provides mobile communications and services to enterprise customers as well as broadband services for retail customers.

SoftBank, stocks, short