Credit Saison Co., Ltd. (OTCMKTS:CSASF) Sees Significant Drop in Short Interest

Credit Saison Co., Ltd. (OTCMKTS:CSASF) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 328,203 shares, a drop of 35.0% from the June 15th total of 504,570 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Credit Saison Price Performance

Shares of OTCMKTS:CSASF remained flat at C$23.61 during midday trading on Friday. The stock’s 50-day simple moving average is C$23.61 and its 200-day simple moving average is C$23.61. Credit Saison has a 52 week low of C$23.61 and a 52 week high of C$27.49.

Credit Saison Company Profile

Credit Saison Co, Ltd. is a Tokyo-based financial services company primarily engaged in credit card issuance and consumer lending. Established as a spin-off from Seibu Credit in 1989, Credit Saison has grown into one of Japan’s leading card issuers, offering a broad range of payment and financing solutions to individuals and corporate clients. The company’s flagship product, the Saison Card, is accepted across Visa, Mastercard and American Express networks, and is complemented by a loyalty program called “Permanent Points,” which rewards cardholders for everyday purchases and special promotions.

In addition to its core credit card business, Credit Saison provides consumer finance services that include unsecured personal loans, installment payment plans and credit guarantee products.