Short Interest in Japan Tobacco Inc. (OTCMKTS:JAPAF) Grows By 29.6%

Japan Tobacco Inc. (OTCMKTS:JAPAF) was the target of a large increase in short interest in April. As of April 15th, there was short interest totaling 835,084 shares, an increase of 29.6% from the March 31st total of 644,602 shares. Based on an average trading volume of 5,113 shares, the days-to-cover ratio is presently 163.3 days.

Japan Tobacco Price Performance

JAPAF opened at $35.90 on Friday. The business has a fifty day simple moving average of $36.96 and a 200-day simple moving average of $36.74. Japan Tobacco has a fifty-two week low of $26.96 and a fifty-two week high of $40.00.

About Japan Tobacco

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.