SoftBank Group Corp. (OTCMKTS:SFTBY – Get Free Report) was the target of a large increase in short interest in June. As of June 30th, there was short interest totalling 398,400 shares, an increase of 103.0% from the June 15th total of 196,300 shares. Based on an average daily volume of 1,493,000 shares, the short-interest ratio is presently 0.3 days.
Analysts Set New Price Targets
Separately, Jefferies Financial Group upgraded SoftBank Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th.
Get Our Latest Stock Analysis on SFTBY
SoftBank Group Price Performance
SoftBank Group (OTCMKTS:SFTBY – Get Free Report) last released its earnings results on Monday, May 13th. The technology company reported $0.52 earnings per share for the quarter. The business had revenue of $11.82 billion for the quarter. SoftBank Group had a negative return on equity of 2.38% and a negative net margin of 4.14%. Analysts expect that SoftBank Group will post 2.13 EPS for the current fiscal year.
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.
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