Short Interest in JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) Declines By 81.4%

JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 99,995 shares, a drop of 81.4% from the April 15th total of 538,890 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 196,745 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group raised JAPAN POST BANK to a “buy” rating in a research report on Monday, January 26th. Zacks Research raised JAPAN POST BANK to a “hold” rating in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

JAPAN POST BANK Trading Down 0.5%

OTCMKTS:JPPTY traded down $0.09 during midday trading on Wednesday, reaching $17.98. 144,504 shares of the stock traded hands, compared to its average volume of 215,307. JAPAN POST BANK has a 12-month low of $9.46 and a 12-month high of $22.79. The business has a 50-day moving average of $17.08 and a two-hundred day moving average of $15.17.

JAPAN POST BANK Company Profile

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.