Chiba Bank Ltd. (OTCMKTS:CHBAY) Short Interest Update

Chiba Bank Ltd. (OTCMKTS:CHBAY) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 917 shares, an increase of ∞ from the June 15th total of 0 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 468 shares, the short-interest ratio is presently 2.0 days.

Chiba Bank Price Performance

Chiba Bank stock remained flat at $75.71 during mid-day trading on Friday. 3 shares of the company’s stock traded hands, compared to its average volume of 126. The business has a 50 day moving average of $73.00 and a 200 day moving average of $64.04. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. Chiba Bank has a 1-year low of $62.28 and a 1-year high of $78.67. The stock has a market cap of $11.74 billion, a PE ratio of 17.05 and a beta of 0.10.

Analysts Set New Price Targets

Separately, Zacks Research raised Chiba Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

About Chiba Bank

Chiba Bank, Ltd. (OTCMKTS: CHBAY) is a regional commercial bank headquartered in Chiba City, Japan. Established in 1943, the bank offers a broad range of banking and financial services to individual, corporate and public sector clients. As one of the largest financial institutions in Chiba Prefecture, Chiba Bank plays a central role in supporting local economic activity and community development.

The bank’s core business activities include deposit-taking, lending, and trust services. Chiba Bank provides retail customers with savings accounts, fixed-term deposits, personal loans and mortgage financing.