JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) Sees Significant Drop in Short Interest

JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 10,628 shares, a drop of 70.3% from the July 15th total of 35,830 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 236,836 shares, the days-to-cover ratio is presently 0.0 days.

JAPAN POST BANK Trading Up 2.9%

Shares of JPPTY stock opened at $19.86 on Thursday. JAPAN POST BANK has a 1 year low of $9.46 and a 1 year high of $22.79. The stock has a fifty day moving average of $19.90 and a two-hundred day moving average of $18.65.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of JAPAN POST BANK from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

JAPAN POST BANK Company Profile

Japan Post Bank Co, Ltd. is one of Japan’s largest retail banks, operating as a subsidiary of Japan Post Holdings. Leveraging the extensive network of post office branches across Japan, the bank provides a full suite of deposit and payment services designed to meet the needs of individual consumers, small- and medium-sized enterprises, and public sector clients. Its broad branch footprint enables convenient access to banking services even in rural areas, underpinning a strong domestic deposit base.

The bank’s core offerings include savings and time deposit accounts, domestic and international remittance services, and foreign currency deposit products.