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

Japan Tobacco Inc. (OTCMKTS:JAPAF) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 859,218 shares, an increase of 60.0% from the May 14th total of 536,889 shares. Based on an average daily trading volume, of 23,360 shares, the days-to-cover ratio is presently 36.8 days.

Japan Tobacco Price Performance

Shares of JAPAF remained flat at $40.15 during trading hours on Tuesday. 23,400 shares of the stock traded hands, compared to its average volume of 3,208. Japan Tobacco has a 52 week low of $26.96 and a 52 week high of $42.26. The business’s fifty day simple moving average is $38.90 and its 200-day simple moving average is $37.82.

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.