JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) Short Interest Up 306.2% in August

JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 25,701 shares, an increase of 306.2% from the August 15th total of 6,327 shares. Based on an average trading volume of 127,265 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

JAPAN POST BANK Stock Performance

Shares of OTCMKTS JPPTY opened at $21.57 on Monday. The company has a 50 day simple moving average of $20.37 and a two-hundred day simple moving average of $18.93. JAPAN POST BANK has a 12 month low of $9.46 and a 12 month high of $22.79.

Analyst Upgrades and Downgrades

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

About JAPAN POST BANK

Japan Post Bank Co, Ltd. is a Japanese financial institution that provides banking and savings services to individuals, businesses and public-sector customers. Its offerings include ordinary and time deposits, domestic and international fund transfers, payments, foreign-exchange services, investment trusts and other asset-management products.

The bank operates through its own banking channels and an extensive network of Japan Post offices across Japan, giving it a broad presence in urban, regional and rural communities.