Chiba Bank Ltd. (OTCMKTS:CHBAY) Short Interest Down 93.3% in August

Chiba Bank Ltd. (OTCMKTS:CHBAY) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 1 shares, a decrease of 93.3% from the July 30th total of 15 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 45 shares, the short-interest ratio is currently 0.0 days.

Chiba Bank Price Performance

Chiba Bank stock remained flat at $82.32 on Tuesday. 16 shares of the company’s stock traded hands, compared to its average volume of 182. Chiba Bank has a 12-month low of $62.28 and a 12-month high of $85.80. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 17.44 and a beta of 0.09. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. The firm has a 50 day simple moving average of $78.49 and a two-hundred day simple moving average of $69.24.

Chiba Bank (OTCMKTS:CHBAY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.24. Chiba Bank had a net margin of 20.96% and a return on equity of 8.21%. The company had revenue of $420.93 million during the quarter, compared to the consensus estimate of $392.86 million. Analysts anticipate that Chiba Bank will post 5.51 EPS for the current year.

Analyst Ratings Changes

Separately, Zacks Research upgraded Chiba Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

About Chiba Bank

Chiba Bank, Ltd. (OTCMKTS: CHBAY) is a regional commercial bank headquartered in Chiba City, Japan. Established in 1943, the bank offers a broad range of banking and financial services to individual, corporate and public sector clients. As one of the largest financial institutions in Chiba Prefecture, Chiba Bank plays a central role in supporting local economic activity and community development.

The bank’s core business activities include deposit-taking, lending, and trust services. Chiba Bank provides retail customers with savings accounts, fixed-term deposits, personal loans and mortgage financing.