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

Chiba Bank Ltd. (OTCMKTS:CHBAY) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 16 shares, a drop of 98.3% from the June 30th total of 917 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 41 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

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

Chiba Bank Price Performance

Shares of OTCMKTS:CHBAY remained flat at $75.71 during mid-day trading on Friday. 5 shares of the company were exchanged, compared to its average volume of 124. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $11.74 billion, a price-to-earnings ratio of 17.05 and a beta of 0.10. The company has a 50-day moving average price of $73.52 and a 200-day moving average price of $64.76. Chiba Bank has a 1 year low of $62.28 and a 1 year high of $78.67.

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.