Sony Corp (NYSE:SNE) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 2,510,000 shares, a growth of 11.1% from the June 15th total of 2,260,000 shares. Based on an average trading volume of 1,430,000 shares, the short-interest ratio is currently 1.8 days. Currently, 0.2% of the company’s stock are sold short.

Large investors have recently added to or reduced their stakes in the company. Capital Research Global Investors raised its stake in shares of Sony by 41.4% during the 4th quarter. Capital Research Global Investors now owns 15,377 shares of the company’s stock valued at $1,041,000 after buying an additional 4,501 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Sony by 230.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 56,400 shares of the company’s stock worth $3,835,000 after acquiring an additional 39,325 shares during the period. Advisor Group Holdings Inc. purchased a new position in Sony during the first quarter valued at approximately $2,721,000. FMR LLC lifted its holdings in Sony by 222.2% in the fourth quarter. FMR LLC now owns 243,708 shares of the company’s stock valued at $16,572,000 after acquiring an additional 168,060 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in Sony by 7.2% in the fourth quarter. 1832 Asset Management L.P. now owns 83,820 shares of the company’s stock valued at $5,701,000 after acquiring an additional 5,628 shares during the period. Hedge funds and other institutional investors own 7.68% of the company’s stock.

Several equities analysts recently commented on the stock. Oppenheimer started coverage on shares of Sony in a research report on Friday, June 12th. They issued a “buy” rating and a $70.00 price objective for the company. Macquarie lowered shares of Sony from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 13th. Finally, ValuEngine raised shares of Sony from a “sell” rating to a “hold” rating in a report on Friday, May 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Sony currently has an average rating of “Buy” and a consensus price target of $81.00.

Shares of SNE stock traded down $1.37 during mid-day trading on Tuesday, reaching $69.16. The stock had a trading volume of 907,958 shares, compared to its average volume of 1,405,696. The company has a current ratio of 0.92, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20. Sony has a 1-year low of $50.94 and a 1-year high of $73.86. The firm has a market cap of $87.84 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 7.78 and a beta of 1.08. The business’s fifty day moving average is $67.75 and its 200-day moving average is $65.66.

Sony (NYSE:SNE) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.02). Sony had a return on equity of 12.38% and a net margin of 7.05%. The business had revenue of $16.06 billion during the quarter, compared to analyst estimates of $17 billion. On average, analysts forecast that Sony will post 3.01 earnings per share for the current year.

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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