JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) Stock Short Interest Drops 72.4%

JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 15,858 shares, a drop of 72.4% from the October 15th total of 57,480 shares. Based on an average daily volume of 162,603 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

JAPAN POST BANK Trading Up 1.0%

Shares of OTCMKTS JPPTY traded up $0.19 during trading on Friday, reaching $19.84. 67,534 shares of the stock were exchanged, compared to its average volume of 130,519. JAPAN POST BANK has a twelve month low of $9.46 and a twelve month high of $24.15. The business’s 50-day moving average price is $20.33 and its 200 day moving average price is $19.21.

JAPAN POST BANK (OTCMKTS:JPPTY) last announced its earnings results on Friday, November 13th. The company reported $0.36 earnings per share for the quarter. Equities research analysts predict that JAPAN POST BANK will post 1.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research upgraded JAPAN POST BANK from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

JAPAN POST BANK Company Profile

Japan Post Bank Co., Ltd. is a Japanese banking company that provides deposit, payment and asset-management services to individuals and businesses. Its offerings include savings and time deposits, domestic and international transfers, debit card services, and investment products such as investment trusts and government bonds. The bank serves customers throughout Japan through its own branches and ATMs, as well as through the broader Japan Post network. It also manages funds held in customer deposits, investing in domestic and international financial assets.