Japan Tob (OTCMKTS:JAPAY) Short Interest Down 83.7% in January

Japan Tob (OTCMKTS:JAPAY) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 83,618 shares, a decrease of 83.7% from the January 15th total of 513,772 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 141,004 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 141,004 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the company’s shares are short sold.

Japan Tob Trading Down 0.6%

Shares of Japan Tob stock traded down $0.12 during midday trading on Wednesday, reaching $19.70. 1,047 shares of the company’s stock traded hands, compared to its average volume of 130,330. The stock has a 50 day moving average of $18.43 and a 200-day moving average of $17.24. Japan Tob has a 12 month low of $11.91 and a 12 month high of $19.83. The company has a market cap of $69.94 billion, a PE ratio of 21.64 and a beta of 0.34. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 1.95.

Analysts Set New Price Targets

A number of equities research analysts have commented on JAPAY shares. Zacks Research cut Japan Tob from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Barclays reissued an “underweight” rating and issued a $17.00 price target on shares of Japan Tob in a report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $17.00.

Japan Tob Company Profile

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).