Sony Corp (NYSE:SNE) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 4,090,000 shares, a growth of 5.7% from the August 15th total of 3,870,000 shares. Based on an average daily volume of 1,170,000 shares, the short-interest ratio is currently 3.5 days. Approximately 0.3% of the company’s shares are short sold.
Sony stock traded up $0.36 during trading hours on Monday, reaching $59.13. The company had a trading volume of 671,143 shares, compared to its average volume of 1,444,998. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.83 and a quick ratio of 0.72. The company has a 50-day moving average price of $57.48 and a 200 day moving average price of $51.79. The firm has a market cap of $74.31 billion, a price-to-earnings ratio of 9.19, a P/E/G ratio of 1.94 and a beta of 1.42. Sony has a 12-month low of $41.91 and a 12-month high of $61.02.
Sony (NYSE:SNE) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.30. The business had revenue of $17.52 billion for the quarter, compared to analysts’ expectations of $18.21 billion. Sony had a return on equity of 19.21% and a net margin of 9.70%. As a group, research analysts expect that Sony will post 3.98 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC increased its stake in shares of Sony by 7.7% during the second quarter. Lindbrook Capital LLC now owns 3,312 shares of the company’s stock valued at $173,000 after buying an additional 237 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Sony by 0.9% during the second quarter. Oppenheimer & Co. Inc. now owns 28,656 shares of the company’s stock valued at $1,501,000 after purchasing an additional 245 shares in the last quarter. Lenox Wealth Management Inc. boosted its position in shares of Sony by 1.1% during the second quarter. Lenox Wealth Management Inc. now owns 26,632 shares of the company’s stock valued at $1,395,000 after purchasing an additional 277 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Sony by 63.9% during the second quarter. Advisory Services Network LLC now owns 790 shares of the company’s stock valued at $41,000 after purchasing an additional 308 shares in the last quarter. Finally, Strategic Global Advisors LLC boosted its position in shares of Sony by 0.7% during the second quarter. Strategic Global Advisors LLC now owns 53,804 shares of the company’s stock valued at $2,819,000 after purchasing an additional 354 shares in the last quarter. 8.69% of the stock is currently owned by institutional investors and hedge funds.
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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