Japan Tobacco Inc. (OTCMKTS:JAPAF) Sees Significant Drop in Short Interest

Japan Tobacco Inc. (OTCMKTS:JAPAF) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 440,211 shares, a drop of 47.3% from the April 15th total of 835,084 shares. Based on an average daily volume of 52 shares, the short-interest ratio is currently 8,465.6 days.

Japan Tobacco Stock Performance

OTCMKTS:JAPAF traded up $0.12 during midday trading on Monday, hitting $42.26. 6 shares of the company traded hands, compared to its average volume of 1,295. The firm’s fifty day moving average is $37.08 and its 200-day moving average is $37.25. Japan Tobacco has a 12-month low of $26.96 and a 12-month high of $42.26.

Japan Tobacco Company Profile

Japan Tobacco Inc is one of the world’s largest tobacco companies, headquartered in Tokyo, Japan, with American Depositary Receipts trading over the counter under the symbol JAPAF. The company’s core business centers on the manufacture, marketing and sale of tobacco products, which include cigarettes, cigars and smokeless tobacco. In recent years, Japan Tobacco has expanded its portfolio to include electronic nicotine delivery systems and heat-not-burn devices as part of its strategy to offer reduced-risk alternatives to traditional smoking.

Among its leading brands are Mevius (formerly Mild Seven), Winston and licensed varieties of Camel, alongside a range of imported premium offerings such as Natural American Spirit.