Short Interest in Chiba Bank Ltd. (OTCMKTS:CHBAY) Drops By 93.3%

Chiba Bank Ltd. (OTCMKTS:CHBAY) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 1 shares, a decrease of 93.3% from the July 30th total of 15 shares. Based on an average trading volume of 45 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Chiba Bank Price Performance

Shares of Chiba Bank stock remained flat at $82.32 during midday trading on Tuesday. 16 shares of the stock traded hands, compared to its average volume of 182. Chiba Bank has a twelve month low of $62.28 and a twelve month high of $85.80. The company’s fifty day moving average price is $78.49 and its 200 day moving average price is $69.24. The company has a market cap of $12.77 billion, a PE ratio of 17.44 and a beta of 0.09. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40.

Chiba Bank (OTCMKTS:CHBAY) last released its earnings results on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.11 by $0.24. Chiba Bank had a net margin of 20.96% and a return on equity of 8.21%. The firm had revenue of $420.93 million during the quarter, compared to analysts’ expectations of $392.86 million. On average, sell-side analysts expect that Chiba Bank will post 5.51 EPS for the current fiscal year.

Analyst Ratings Changes

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

Chiba Bank Company Profile

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.