Japan Tobacco Inc. (OTCMKTS:JAPAF) Sees Large Growth in Short Interest

Japan Tobacco Inc. (OTCMKTS:JAPAF) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 577,879 shares, an increase of 71.0% from the February 12th total of 337,948 shares. Based on an average daily volume of 84 shares, the days-to-cover ratio is presently 6,879.5 days. Based on an average daily volume of 84 shares, the days-to-cover ratio is presently 6,879.5 days.

Japan Tobacco Price Performance

JAPAF stock remained flat at $34.16 during trading on Friday. Japan Tobacco has a 52-week low of $26.30 and a 52-week high of $39.79. The stock has a 50 day moving average of $37.45 and a 200 day moving average of $35.75.

Japan Tobacco Company Profile

Japan Tobacco Inc is one of the world’s largest tobacco companies, headquartered in Tokyo, Japan, with American Depositary Receipts trading over the counter under the symbol JAPAF. The company’s core business centers on the manufacture, marketing and sale of tobacco products, which include cigarettes, cigars and smokeless tobacco. In recent years, Japan Tobacco has expanded its portfolio to include electronic nicotine delivery systems and heat-not-burn devices as part of its strategy to offer reduced-risk alternatives to traditional smoking.

Among its leading brands are Mevius (formerly Mild Seven), Winston and licensed varieties of Camel, alongside a range of imported premium offerings such as Natural American Spirit.