Japan Tob (OTCMKTS:JAPAY) Short Interest Update

Japan Tob (OTCMKTS:JAPAY) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 34,955 shares, an increase of 169.2% from the June 30th total of 12,986 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 149,346 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Zacks Research upgraded Japan Tob from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. BTIG Research began coverage on shares of Japan Tob in a report on Wednesday, July 22nd. They issued a “buy” rating on the stock. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.00.

Japan Tob Price Performance

JAPAY traded up $0.20 on Monday, reaching $19.94. The company had a trading volume of 25,419 shares, compared to its average volume of 149,063. The company has a fifty day moving average of $19.09 and a 200-day moving average of $18.80. The company has a market capitalization of $70.79 billion, a P/E ratio of 19.94 and a beta of 0.29. The company has a current ratio of 1.88, a quick ratio of 1.31 and a debt-to-equity ratio of 0.38. Japan Tob has a one year low of $14.20 and a one year high of $20.68.

Japan Tob (OTCMKTS:JAPAY) last released its quarterly earnings results on Friday, May 8th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.69 billion. As a group, equities research analysts anticipate that Japan Tob will post 1.11 earnings per share for the current year.

About Japan Tob

Japan Tobacco Inc (OTC: JAPAY) is a Tokyo-based multinational company primarily engaged in the manufacture and sale of tobacco products. The company’s core activities include the development, production and distribution of cigarettes and other nicotine-delivery products for domestic and international markets. Japan Tobacco also pursues business activities beyond tobacco, including pharmaceutical and processed‑food operations through subsidiary units and strategic investments.

In its tobacco operations the company serves both the Japanese market and a broad international footprint through its global operating arm, Japan Tobacco International (JTI).