SoftBank Group Corp. (OTCMKTS:SFTBY) Short Interest Up 40.7% in December

SoftBank Group Corp. (OTCMKTS:SFTBY) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 90,200 shares, an increase 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 currently 0.2 days.

SoftBank Group Trading Down 0.6 %

OTCMKTS:SFTBY traded down $0.18 during mid-day trading on Monday, reaching $28.87. 228,093 shares of the company’s stock traded hands, compared to its average volume of 523,774. SoftBank Group has a 12-month low of $20.60 and a 12-month high of $37.19. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.68 and a quick ratio of 0.78. The company has a 50 day moving average price of $29.55 and a 200-day moving average price of $30.07. The firm has a market capitalization of $84.86 billion, a price-to-earnings ratio of 5.77 and a beta of 1.15.

Analyst Ratings Changes

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

SoftBank Group Company Profile

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.