Sony Group Co. (NYSE:SONY) Short Interest Update – MarketBeat

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Sony Group Co. (NYSE:SONY) Short Interest Update – MarketBeat

Sony Group Co. (NYSE: SONY – Get Free Report) saw strong growth in short interest in March. As of March 31, there was short interest totaling 1,960,000 shares, a growth of 34.2% from the March 15 total of 1,460,000 shares. About 0.2% of the company’s shares are sold short. Based on an average trading volume of 806,200 shares, the short interest ratio is currently 2.4 days.

Stock market performance of the Sony group

Sony Group shares fell $0.07 during trading hours on Friday, to $83.99. 777,403 shares of the stock were traded, compared to an average volume of 547,958. The stock has a market cap of $103.66 billion, a P/E ratio of 16.21, and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54, and a current ratio of 0.69. Sony Group has a 52-week low of $79.62 and a 52-week high of $100.94. The company’s 50-day moving average is $88.26 and its 200-day moving average is $88.87.

Sony Group (NYSE: SONY – Get Free Report) last announced its quarterly results on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.32. The company had revenue of $25.38 billion during the quarter, compared to the consensus estimate of $24.31 billion. Sony Group achieved a net margin of 7.62% and a return on equity of 12.43%. Analysts predict that Sony Group will post 5.21 EPS for the current fiscal year.

Analyst upgrades and downgrades

SONY has been the subject of several analyst reports. Macquarie downgraded shares of Sony Group from an “outperform” rating to a “neutral” rating in a report published on Thursday (February 15). Oppenheimer reiterated an “outperform” rating and set a $108.00 price target for shares of Sony Group in a report on Monday, February 26. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Finally, TheStreet upgraded Sony Group shares from a “c+” rating to a “b-” rating in a report published Thursday, January 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sony Group has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

Discover our latest analysis on the Sony group

Hedge funds weigh on the Sony group

A number of large investors have recently bought and sold shares of SONY. CVA Family Office LLC acquired a new position in shares of Sony Group during the 4th quarter worth $27,000. KB Financial Partners LLC acquired a new position in shares of Sony Group during the 1st quarter worth $29,000. Rise Advisors LLC increased its stake in shares of Sony Group by 259.2% during the 1st quarter. Rise Advisors LLC now owns 352 shares of the company’s stock worth $30,000 after purchasing an additional 254 shares during the period. Fortitude Family Office LLC purchased a new position in shares of Sony Group during the 4th quarter worth $31,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Sony Group during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 14.05% of the company’s shares.

About Sony Group

(Get Free Report)

Sony Group Corporation designs, develops, produces and sells electronic equipment, instruments and devices for the consumer, professional and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific region and the international. The Company distributes software titles and companion content via digital networks; network services relating to game, video and music content; and home game consoles, gaming and packaged software, and peripherals.

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