Today’s Stock On Watch: Sony Corporation Adrs (NYSE:SNE) Could Improve Your Long Portfolio After Less Shorts Reported

November 16, 2016 - By Pete Kolinski   ·   0 Comments

Today's Stock On Watch: Sony Corporation Adrs (NYSE:SNE) Could Improve Your Long Portfolio After Less Shorts Reported

The stock of Sony Corporation Adrs (NYSE:SNE) registered a decrease of 8.4% in short interest. SNE’s total short interest was 2.75M shares in November as published by FINRA. Its down 8.4% from 3.00M shares, reported previously. With 978,900 shares average volume, it will take short sellers 3 days to cover their SNE’s short positions. The short interest to Sony Corporation Adrs’s float is 0.22%. About 94,291 shares traded hands. Sony Corp (ADR) (NYSE:SNE) has risen 7.24% since April 14, 2016 and is uptrending. It has outperformed by 2.56% the S&P500.

Sony Corporation 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 has a market cap of $36.37 billion. The Company’s divisions include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other. It has a 73.65 P/E ratio. It is engaged in the production, acquisition and distribution of motion pictures and television programming and the operation of television and digital networks.

Sony Corp (ADR) (NYSE:SNE) Ratings Coverage

Out of 4 analysts covering Sony Corp (NYSE:SNE), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Sony Corp has been the topic of 5 analyst reports since August 16, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, July 6 by Deutsche Bank. Nomura maintained the shares of SNE in a report on Friday, September 4 with “Buy” rating. TheStreet upgraded the stock to “Buy” rating in Monday, August 24 report. The firm has “Neutral” rating given on Thursday, April 21 by JP Morgan. On Sunday, August 16 the stock rating was maintained by JP Morgan with “Overweight”.

SNE Company Profile

Sony Corporation (Sony), incorporated on May 7, 1946, 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 divisions include Mobile Communications (MC), Game & Network Services (G&NS), Imaging Products & Solutions (IP&S), Home Entertainment & Sound (HE&S), Devices, Pictures, Music, Financial Services and All Other. Sony is engaged in the production, acquisition and distribution of motion pictures and television programming and the operation of television and digital networks. Sony is also engaged in the development, production, manufacture and distribution of recorded music and the management and licensing of the words and music of songs. It is also engaged in various financial services businesses, including life and non-life insurance operations, through its Japanese insurance subsidiaries and banking activities through a Japanese Internet banking subsidiary. In addition, Sony is engaged in a network services business and an advertising agency business in Japan. The Company’s manufacturing facilities are located in Asia, including Japan. Sony also utilizes third-party contract manufacturers for certain products.

More news for Sony Corp (ADR) (NYSE:SNE) were recently published by: Investorplace.com, which released: “The Sony Corp (ADR) (SNE) Comeback Looks Real” on October 18, 2016. Investorplace.com‘s article titled: “Sony Corp ADR (SNE) Earnings Hit by PS4 Price Cut” and published on November 01, 2016 is yet another important article.

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By Pete Kolinski


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