Japan Tob (OTCMKTS:JAPAY) Sees Significant Increase in Short Interest

Japan Tob (OTCMKTS:JAPAYGet Free Report) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 109,477 shares, a growth of 621.8% from the April 30th total of 15,167 shares. Based on an average daily trading volume, of 132,475 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the company’s stock are short sold.

Japan Tob Stock Down 0.1%

JAPAY stock traded down $0.02 during mid-day trading on Thursday, hitting $19.14. 64,992 shares of the company were exchanged, compared to its average volume of 175,847. The company has a market capitalization of $67.96 billion, a PE ratio of 19.14 and a beta of 0.28. The company has a current ratio of 1.93, a quick ratio of 1.38 and a debt-to-equity ratio of 0.39. Japan Tob has a twelve month low of $14.02 and a twelve month high of $20.68. The firm has a fifty day simple moving average of $18.82 and a 200 day simple moving average of $18.64.

Japan Tob (OTCMKTS:JAPAYGet Free Report) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.69 billion. On average, research analysts forecast that Japan Tob will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Japan Tob from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $17.00.

Get Our Latest Stock Analysis on Japan Tob

About Japan Tob

(Get Free Report)

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).

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