Short Interest in Chiba Bank Ltd. (OTCMKTS:CHBAY) Expands By ?

Chiba Bank Ltd. (OTCMKTS:CHBAY) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 917 shares, an increase of ? from the June 15th total of 0 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 468 shares, the days-to-cover ratio is currently 2.0 days.

Chiba Bank Price Performance

CHBAY stock opened at $75.71 on Thursday. Chiba Bank has a 52-week low of $62.28 and a 52-week high of $78.67. The stock’s fifty day simple moving average is $72.88 and its 200-day simple moving average is $63.89. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 17.05 and a beta of 0.09.

Analyst Upgrades and Downgrades

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

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.