Short Interest in Japan Tob (OTCMKTS:JAPAY) Declines By 95.3%

Japan Tob (OTCMKTS:JAPAY) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 12,986 shares, a decrease of 95.3% from the June 15th total of 276,860 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 163,762 shares, the days-to-cover ratio is presently 0.1 days.

Japan Tob Stock Performance

JAPAY stock traded down $0.06 during trading on Friday, hitting $18.98. The company had a trading volume of 52,969 shares, compared to its average volume of 82,084. Japan Tob has a 1-year low of $14.02 and a 1-year high of $20.68. The company has a quick ratio of 1.31, a current ratio of 1.88 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $19.06 and a 200-day moving average price of $18.73. The firm has a market cap of $67.39 billion, a PE ratio of 18.98 and a beta of 0.29.

Japan Tob (OTCMKTS:JAPAY) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.69 billion. On average, analysts expect that Japan Tob will post 1.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Japan Tob from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $17.00.

About Japan Tob

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).