Short Interest in Japan Tob (OTCMKTS:JAPAY) Decreases By 95.3%

Japan Tob (OTCMKTS:JAPAY) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 12,986 shares, a decline of 95.3% from the June 15th total of 276,860 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 163,762 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Japan Tob from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $17.00.

Japan Tob Price Performance

Japan Tob stock traded down $0.06 during mid-day trading on Friday, hitting $18.98. 52,969 shares of the company were exchanged, compared to its average volume of 82,084. Japan Tob has a 12-month low of $14.02 and a 12-month high of $20.68. The company has a market capitalization of $67.39 billion, a P/E ratio of 18.98 and a beta of 0.29. The business’s 50 day simple moving average is $19.06 and its two-hundred day simple moving average is $18.73. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.88 and a quick ratio of 1.31.

Japan Tob (OTCMKTS:JAPAY) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.69 billion. Analysts forecast that Japan Tob will post 1.11 earnings per share for the current fiscal year.

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).