Sony Corp (SNE) Short Interest Update

Sony Corp (NYSE:SNE) saw a significant drop in short interest in December. As of December 29th, there was short interest totalling 679,556 shares, a drop of 51.8% from the December 15th total of 1,409,540 shares. Based on an average daily volume of 586,984 shares, the days-to-cover ratio is presently 1.2 days.

Shares of Sony (SNE) opened at $49.89 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 0.86. The firm has a market capitalization of $62,129.10, a PE ratio of 28.03 and a beta of 1.79. Sony has a 12-month low of $29.16 and a 12-month high of $50.82.

Sony (NYSE:SNE) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.90 earnings per share for the quarter, topping the 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 expect that Sony will post 2.88 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Parallax Volatility Advisers L.P. boosted its holdings in Sony by 206.3% in the second quarter. Parallax Volatility Advisers L.P. now owns 4,354 shares of the company’s stock worth $166,000 after acquiring an additional 8,451 shares in the last quarter. Endurance Wealth Management Inc. boosted its holdings in Sony by 1,028.3% in the fourth quarter. Endurance Wealth Management Inc. now owns 4,389 shares of the company’s stock worth $197,000 after acquiring an additional 4,000 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in Sony in the second quarter worth about $201,000. New England Research & Management Inc. acquired a new stake in Sony in the third quarter worth about $213,000. Finally, Brown Advisory Inc. acquired a new stake in Sony in the third quarter worth about $214,000. 6.77% of the stock is owned by institutional investors and hedge funds.

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