JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) Short Interest Down 36.6% in June

JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 58,866 shares, a decrease of 36.6% from the May 31st total of 92,900 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 186,943 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of JAPAN POST BANK from a “hold” rating to a “strong sell” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, JAPAN POST BANK presently has an average rating of “Hold”.

JAPAN POST BANK Price Performance

JPPTY opened at $19.62 on Friday. The stock has a 50-day moving average price of $18.83 and a 200-day moving average price of $17.49. JAPAN POST BANK has a 1 year low of $9.46 and a 1 year high of $22.79.

JAPAN POST BANK Company Profile

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.