Japan Tobacco Inc. (OTCMKTS:JAPAF) Sees Large Increase in Short Interest

Japan Tobacco Inc. (OTCMKTS:JAPAF) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 859,218 shares, a growth of 60.0% from the May 14th total of 536,889 shares. Based on an average daily volume of 23,360 shares, the days-to-cover ratio is currently 36.8 days.

Japan Tobacco Stock Performance

OTCMKTS:JAPAF remained flat at $40.15 during trading hours on Tuesday. 23,400 shares of the company’s stock were exchanged, compared to its average volume of 3,208. The stock has a fifty day moving average price of $38.90 and a 200-day moving average price of $37.82. Japan Tobacco has a 1-year low of $26.96 and a 1-year 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.