Short Interest in Japan Tob (OTCMKTS:JAPAY) Drops By 49.3%

Japan Tob (OTCMKTS:JAPAY) was the recipient of a significant drop in short interest in February. As of February 13th, there was short interest totaling 42,431 shares, a drop of 49.3% from the January 29th total of 83,618 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 324,123 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 324,123 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Japan Tob Stock Performance

Japan Tob stock traded down $0.25 during mid-day trading on Friday, hitting $19.08. 63,824 shares of the company’s stock traded hands, compared to its average volume of 142,245. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.95 and a quick ratio of 1.36. The firm has a 50 day simple moving average of $18.67 and a two-hundred day simple moving average of $17.58. Japan Tob has a fifty-two week low of $12.40 and a fifty-two week high of $20.68. The stock has a market cap of $67.76 billion, a price-to-earnings ratio of 20.97 and a beta of 0.34.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Barclays reissued an “underweight” rating and issued a $17.00 price objective on shares of Japan Tob in a report on Tuesday, November 25th. Zacks Research lowered shares of Japan Tob from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.00.

Japan Tob Company Profile

Japan Tobacco Inc (OTC: JAPAY) is a Tokyo-based multinational company primarily engaged in the manufacture and sale of tobacco products. The company’s core activities include the development, production and distribution of cigarettes and other nicotine-delivery products for domestic and international markets. Japan Tobacco also pursues business activities beyond tobacco, including pharmaceutical and processed‑food operations through subsidiary units and strategic investments.

In its tobacco operations the company serves both the Japanese market and a broad international footprint through its global operating arm, Japan Tobacco International (JTI).