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

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, reflecting a substantial growth of 40.7% compared to the 64,100 shares reported at the end of November. With an average trading volume of 488,100 shares, the current short-interest ratio stands at 0.2 days.

Analyst Perspectives

Wall Street Analyst Opinions

In a separate update, Jefferies Financial Group downgraded SoftBank Group's rating from "buy" to "hold" in a research report released on December 20th.

Performance of SoftBank Group Stock

On Friday, during trading hours, the shares of OTCMKTS:SFTBY increased by $0.16, bringing the stock price to $29.04. A total of 541,254 shares were traded, slightly above the average volume of 524,957. SoftBank Group currently has a market capitalization of $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 simple moving average is $29.58, while its 200-day simple moving average is $30.10. Financial metrics indicate a quick ratio of 0.78, a current ratio of 0.68, and a debt-to-equity ratio of 0.82. Over the last year, the company recorded a 52-week low of $20.60 and a high of $37.19.

About SoftBank Group

SoftBank Group Corp. operates in the telecommunications sector in Japan and globally. The company's various segments include its investment business through holding companies, SoftBank Vision Funds, and Arm, among others. It provides mobile communications and enterprise solutions, along with broadband services, as well as mobile devices and related software tools.

Additional Insights

Investors may want to consider different perspectives when evaluating SoftBank Group as the company is currently facing modest ratings from analysts. However, there are stocks recommended as more favorable investments amidst market fluctuations.

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