Sony Corp (NYSE:SNE) Sees Large Increase in Short Interest

Sony Corp (NYSE:SNE) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 1,409,540 shares, a growth of 77.0% from the November 30th total of 796,394 shares. Based on an average daily trading volume, of 909,037 shares, the days-to-cover ratio is presently 1.6 days.

Sony (NYSE:SNE) opened at $49.17 on Friday. The firm has a market capitalization of $61,720.00, a price-to-earnings ratio of 27.32 and a beta of 1.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 0.86. Sony has a 12 month low of $29.16 and a 12 month high of $50.82.

Sony (NYSE:SNE) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.36. Sony had a return on equity of 7.97% and a net margin of 3.17%. equities analysts forecast that Sony will post 2.88 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services Inc acquired a new position in shares of Sony in the 3rd quarter valued at $215,000. Bank of New York Mellon Corp raised its holdings in shares of Sony by 105.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 816,725 shares of the company’s stock valued at $31,191,000 after buying an additional 419,493 shares during the period. OxFORD Asset Management LLP raised its holdings in shares of Sony by 113.3% in the 3rd quarter. OxFORD Asset Management LLP now owns 308,557 shares of the company’s stock valued at $11,522,000 after buying an additional 163,905 shares during the period. Stifel Financial Corp raised its holdings in shares of Sony by 6.3% in the 3rd quarter. Stifel Financial Corp now owns 137,358 shares of the company’s stock valued at $5,133,000 after buying an additional 8,197 shares during the period. Finally, Athos Capital Ltd raised its holdings in shares of Sony by 280.0% in the 3rd quarter. Athos Capital Ltd now owns 34,200 shares of the company’s stock valued at $2,937,000 after buying an additional 25,200 shares during the period. 6.77% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the company. Zacks Investment Research raised Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research note on Tuesday, January 2nd. ValuEngine raised Sony from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Jefferies Group reaffirmed a “buy” rating and issued a $59.84 price target on shares of Sony in a research note on Friday, November 17th. Finally, Morgan Stanley lowered Sony from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $48.19.

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Sony Company Profile

Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.

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