Sony Corp (SNE) Short Interest Update

Sony Corp (NYSE:SNE) was the recipient of a large decline in short interest in September. As of September 28th, there was short interest totalling 758,160 shares, a decline of 59.1% from the September 14th total of 1,855,830 shares. Based on an average daily volume of 1,304,747 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are short sold.

NYSE SNE opened at $56.03 on Friday. Sony has a 52-week low of $36.93 and a 52-week high of $61.02. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.15. The firm has a market cap of $76.63 billion, a PE ratio of 17.03, a P/E/G ratio of 2.05 and a beta of 1.41.

Sony (NYSE:SNE) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.44. Sony had a net margin of 7.32% and a return on equity of 16.74%. The company had revenue of $1,953.62 billion during the quarter, compared to the consensus estimate of $1,882.28 billion. During the same period in the previous year, the firm posted $62.70 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts expect that Sony will post 4.17 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sageworth Trust Co bought a new stake in shares of Sony during the 2nd quarter worth $103,000. Braun Bostich & Associates Inc. bought a new stake in shares of Sony during the 1st quarter worth $115,000. First Hawaiian Bank bought a new stake in shares of Sony during the 3rd quarter worth $120,000. Chicago Partners Investment Group LLC lifted its holdings in shares of Sony by 60.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,380 shares of the company’s stock worth $122,000 after acquiring an additional 895 shares during the last quarter. Finally, Credit Agricole S A bought a new stake in shares of Sony during the 2nd quarter worth $146,000. 7.61% of the stock is owned by institutional investors.

A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Sony from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine lowered shares of Sony from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Finally, Credit Suisse Group upgraded shares of Sony from a “neutral” rating to an “outperform” rating in a research report on Monday, September 10th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Sony has an average rating of “Hold” and a consensus price target of $74.15.

About Sony

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.

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