Japan Tob (OTCMKTS:JAPAY) Sees Large Decline in Short Interest

Japan Tob (OTCMKTS:JAPAY) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 7,750 shares, a drop of 59.0% from the November 30th total of 18,896 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 146,434 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 146,434 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Barclays restated an “underweight” rating and issued a $17.00 price target on shares of Japan Tob in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Japan Tob Price Performance

Shares of OTCMKTS JAPAY opened at $18.59 on Friday. The stock has a market cap of $66.02 billion, a P/E ratio of 20.43 and a beta of 0.34. The firm’s 50-day simple moving average is $17.98 and its 200 day simple moving average is $16.36. Japan Tob has a fifty-two week low of $11.91 and a fifty-two week high of $19.51. The company has a quick ratio of 1.32, a current ratio of 1.84 and a debt-to-equity ratio of 0.35.

Japan Tob Company Profile

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).