SoftBank Group Corp. Short Interest Update

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

Analyst Perspectives

In a separate development, on December 20th, Jefferies Financial Group downgraded its rating for SoftBank Group from "buy" to "hold" in a recent report, indicating a cautious outlook on the stock.

Stock Performance Overview

On a recent trading day, shares of OTCMKTS:SFTBY gained $0.16, bringing the stock price to $29.04. The trading volume for the day was 541,254 shares, which is slightly below the average volume of 524,957 shares. Currently, SoftBank Group holds a market capitalization of $85.38 billion, with a price-to-earnings (P/E) ratio of 5.81 and a beta value of 1.15. The stock has seen a 50-day simple moving average of $29.58 and a 200-day simple moving average of $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 past year, the stock has fluctuated between a low of $20.60 and a high of $37.19.

About SoftBank Group Corp.

SoftBank Group Corp. specializes in providing telecommunications services both in Japan and internationally. The company operates through several segments, including Investment Business of Holding Companies, SoftBank Vision Funds, Arm, and others. Its offerings include mobile communications, enterprise solutions, broadband services for retail customers, mobile devices, software tools, and related services.

Additional Reading

The following articles may be of interest: 1. Five stocks we like better than SoftBank Group 2. Biggest Stock Losers - Today’s Biggest Percentage Decliners 3. Power Up: Gaming Industry Expansion Fuels Stock Opportunities

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