Japan Tob (OTCMKTS:JAPAY) Stock Short Interest Declines 40.8%

Japan Tob (OTCMKTS:JAPAY – Get Free Report) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 58,181 shares, a decline of 40.8% from the September 30th total of 98,198 shares. Based on an average trading volume of 132,910 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Zacks Research upgraded Japan Tob from a “hold” rating to a “strong-buy” rating in a research note on Thursday. BTIG Research started coverage on Japan Tob in a research note on Wednesday, July 22nd. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Check Out Our Latest Report on JAPAY

Japan Tob Stock Down 0.0%

Shares of OTCMKTS JAPAY traded down $0.01 on Friday, reaching $22.94. 48,203 shares of the company’s stock traded hands, compared to its average volume of 114,516. The company has a quick ratio of 1.45, a current ratio of 2.04 and a debt-to-equity ratio of 0.35. The company has a market cap of $81.45 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 1.48 and a beta of 0.28. The business’s 50 day simple moving average is $22.33 and its two-hundred day simple moving average is $19.97. Japan Tob has a 12 month low of $16.74 and a 12 month high of $24.54.

Japan Tob (OTCMKTS:JAPAY – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $6.37 billion for the quarter, compared to analysts’ expectations of $6.45 billion. As a group, equities research analysts forecast that Japan Tob will post 1.16 EPS for the current fiscal year.

Japan Tob Company Profile

(Get Free Report)

Japan Tobacco Inc is a Japan-based company engaged primarily in the manufacture and sale of tobacco products. Its portfolio includes cigarettes, heated tobacco products and other reduced-risk products, marketed under brands such as Winston, Camel, Mevius and LD in various markets.

The company also operates businesses in pharmaceutical products and processed foods. Its pharmaceutical operations focus on prescription medicines, while its food business provides products including frozen foods, seasonings and other processed food items.

Japan Tobacco traces its history to Japan’s former tobacco monopoly and was established in its current corporate form in 1985.

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