Chiba Bank Ltd. (OTCMKTS:CHBAY) Stock Short Interest Report for September

Chiba Bank Ltd. (OTCMKTS:CHBAY) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 13 shares. Based on an average trading volume of 46 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Chiba Bank Stock Performance

OTCMKTS CHBAY opened at $90.24 on Wednesday. The company’s 50 day simple moving average is $87.52 and its two-hundred day simple moving average is $77.58. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.93. Chiba Bank has a 1 year low of $62.28 and a 1 year high of $90.24. The stock has a market capitalization of $14.00 billion, a PE ratio of 19.12 and a beta of 0.15.

Chiba Bank (OTCMKTS:CHBAY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.24. The firm had revenue of $420.93 million during the quarter, compared to analyst estimates of $392.86 million. Chiba Bank had a net margin of 20.96% and a return on equity of 8.25%. Analysts predict that Chiba Bank will post 5.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Chiba Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Chiba Bank has an average rating of “Hold”.

About Chiba Bank

Chiba Bank, Ltd. is a Japanese regional financial institution headquartered in Chiba City, Chiba Prefecture. Established in 1943, the bank provides banking and financial services to individuals, businesses, local governments and other organizations.

Its primary activities include accepting deposits, extending loans, handling domestic and international payments, and providing foreign-exchange services. Chiba Bank also offers investment trusts, insurance products, asset-management services and other financial products through its branch network and affiliated companies.

The bank’s core operating area is Chiba Prefecture, with additional operations and business relationships in neighboring parts of the greater Tokyo metropolitan area and other locations.