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

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

On December 20th, Jefferies Financial Group adjusted its outlook on SoftBank Group's stock, changing the rating from "buy" to "hold" in a recent research note.

SoftBank Group Stock Performance

During trading on Friday, SoftBank Group's stock increased by $0.16, reaching a price of $29.04. A total of 541,254 shares were exchanged, which is slightly higher than its average trading volume of 524,957 shares. The firm maintains a market capitalization of approximately $85.38 billion, with a price-to-earnings (P/E) ratio of 5.81 and a beta of 1.15. The company's 50-day and 200-day simple moving averages are currently $29.58 and $30.10, respectively. Financial health indicators reveal a quick ratio of 0.78, a current ratio of 0.68, and a debt-to-equity ratio of 0.82. The stock has fluctuated within a 52-week range of $20.60 and $37.19.

About SoftBank Group

SoftBank Group Corp. operates in the telecommunications sector, providing services in Japan and internationally. The company conducts its operations through various segments, including Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and others. It offers a range of services such as mobile communications, enterprise solutions, and broadband services for retail customers, in addition to selling mobile devices and related software tools.

SoftBank, Stocks, Finance