JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) Shares Shorted: Short Interest Up 258.3% in September

JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 92,087 shares, a growth of 258.3% from the August 31st total of 25,701 shares. Based on an average daily volume of 89,588 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded JAPAN POST BANK from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

JAPAN POST BANK Price Performance

OTCMKTS:JPPTY opened at $21.37 on Monday. JAPAN POST BANK has a one year low of $9.46 and a one year high of $22.79. The stock has a 50 day moving average price of $20.52 and a 200 day moving average price of $19.10.

JAPAN POST BANK Company Profile

Japan Post Bank Co, Ltd. is a Japanese financial institution that provides banking and savings services to individuals, businesses and public-sector customers. Its offerings include ordinary and time deposits, domestic and international fund transfers, payments, foreign-exchange services, investment trusts and other asset-management products.

The bank operates through its own banking channels and an extensive network of Japan Post offices across Japan, giving it a broad presence in urban, regional and rural communities.