JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY – Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 99,995 shares, a drop of 81.4% from the April 15th total of 538,890 shares. Based on an average daily volume of 196,745 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are sold short.
JAPAN POST BANK Price Performance
JPPTY stock remained flat at $17.87 during mid-day trading on Tuesday. The company’s stock had a trading volume of 90,830 shares, compared to its average volume of 218,221. The company has a fifty day moving average of $17.10 and a two-hundred day moving average of $15.12. JAPAN POST BANK has a 52 week low of $9.46 and a 52 week high of $22.79.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on JPPTY shares. Zacks Research raised shares of JAPAN POST BANK to a “hold” rating in a research note on Wednesday, April 8th. The Goldman Sachs Group upgraded shares of JAPAN POST BANK to a “buy” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
About JAPAN POST BANK
Japan Post Bank Co, Ltd. is one of Japan’s largest retail banks, operating as a subsidiary of Japan Post Holdings. Leveraging the extensive network of post office branches across Japan, the bank provides a full suite of deposit and payment services designed to meet the needs of individual consumers, small- and medium-sized enterprises, and public sector clients. Its broad branch footprint enables convenient access to banking services even in rural areas, underpinning a strong domestic deposit base.
The bank’s core offerings include savings and time deposit accounts, domestic and international remittance services, and foreign currency deposit products.
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