Japan Tob (OTCMKTS:JAPAY) Sees Large Drop in Short Interest

Japan Tob (OTCMKTS:JAPAY) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 90,374 shares, a decrease of 60.9% from the March 31st total of 231,392 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 456,166 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Japan Tob from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, Japan Tob currently has a consensus rating of “Sell” and a consensus target price of $17.00.

Japan Tob Stock Up 0.1%

Shares of OTCMKTS JAPAY traded up $0.02 during trading hours on Friday, hitting $18.18. The company had a trading volume of 195,910 shares, compared to its average volume of 327,122. The stock has a market capitalization of $64.55 billion, a P/E ratio of 19.98 and a beta of 0.33. The company has a quick ratio of 1.38, a current ratio of 1.93 and a debt-to-equity ratio of 0.39. Japan Tob has a 1-year low of $14.02 and a 1-year high of $20.68. The firm’s 50 day moving average is $18.62 and its 200-day moving average is $18.24.

Japan Tob Company Profile

Japan Tobacco Inc (OTC: JAPAY) is a Tokyo-based multinational company primarily engaged in the manufacture and sale of tobacco products. The company’s core activities include the development, production and distribution of cigarettes and other nicotine-delivery products for domestic and international markets. Japan Tobacco also pursues business activities beyond tobacco, including pharmaceutical and processed?food operations through subsidiary units and strategic investments.

In its tobacco operations the company serves both the Japanese market and a broad international footprint through its global operating arm, Japan Tobacco International (JTI).