JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) Sees Significant Drop in Short Interest

JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 10,628 shares, a drop of 70.3% from the July 15th total of 35,830 shares. Based on an average daily trading volume, of 236,836 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

JAPAN POST BANK Stock Up 2.9%

Shares of OTCMKTS:JPPTY opened at $19.86 on Thursday. The firm has a 50-day simple moving average of $19.90 and a 200 day simple moving average of $18.65. JAPAN POST BANK has a fifty-two week low of $9.46 and a fifty-two week high of $22.79.

Analyst Ratings Changes

Separately, Zacks Research upgraded JAPAN POST BANK from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, JAPAN POST BANK has a consensus rating of “Moderate Buy”.

About JAPAN POST BANK

Japan Post Bank Co, Ltd. is one of Japan’s largest retail banks, operating as a subsidiary of Japan Post Holdings. Leveraging the extensive network of post office branches across Japan, the bank provides a full suite of deposit and payment services designed to meet the needs of individual consumers, small- and medium-sized enterprises, and public sector clients. Its broad branch footprint enables convenient access to banking services even in rural areas, underpinning a strong domestic deposit base.

The bank’s core offerings include savings and time deposit accounts, domestic and international remittance services, and foreign currency deposit products.