Short Interest in Chiba Bank Ltd. (OTCMKTS:CHBAY) Expands By ∞

Chiba Bank Ltd. (OTCMKTS:CHBAY) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 917 shares, a growth of ∞ from the June 15th total of 0 shares. Based on an average daily volume of 468 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.0% of the company’s shares are sold short.

Chiba Bank Price Performance

Shares of OTCMKTS CHBAY opened at $75.71 on Thursday. The stock has a fifty day moving average price of $72.88 and a 200 day moving average price of $63.89. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. Chiba Bank has a 12-month low of $62.28 and a 12-month high of $78.67. The company has a market cap of $11.74 billion, a P/E ratio of 17.05 and a beta of 0.09.

Analyst Upgrades and Downgrades

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

Chiba Bank Company Profile

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.