Chiba Bank Ltd. (OTCMKTS:CHBAY) Sees Large Growth in Short Interest

Chiba Bank Ltd. (OTCMKTS:CHBAY) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 49 shares, a growth of 206.2% from the October 15th total of 16 shares. Based on an average daily volume of 27 shares, the short-interest ratio is presently 1.8 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Chiba Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, Chiba Bank presently has a consensus rating of “Hold”.

Chiba Bank Price Performance

CHBAY stock remained flat at $90.24 during trading on Thursday. The stock has a 50 day simple moving average of $90.17 and a 200-day simple moving average of $74.40. Chiba Bank has a 1 year low of $62.28 and a 1 year high of $90.24. The firm has a market cap of $14.00 billion, a PE ratio of 18.49 and a beta of 0.16. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.26.

Chiba Bank (OTCMKTS:CHBAY) last released its earnings results on Monday, November 9th. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.07). Chiba Bank had a net margin of 21.22% and a return on equity of 8.41%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $402.84 million. Sell-side analysts forecast that Chiba Bank will post 5.51 EPS for the current fiscal year.

Chiba Bank Company Profile

The Chiba Bank, Ltd. is a regional financial institution headquartered in Chiba City, Japan. Founded in 1943, it provides banking services to individuals, businesses and public-sector organizations, with a focus on the Chiba Prefecture area. Its services include deposit accounts, loans, domestic and foreign exchange, investment-related services and other financial products. The bank also supports businesses with services such as financing and management advice, and offers related services through its group companies.