Japan Tob (OTCMKTS:JAPAY) Short Interest Update

Japan Tob (OTCMKTS:JAPAY) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 276,860 shares, a growth of 199.1% from the May 31st total of 92,564 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 223,131 shares, the days-to-cover ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Japan Tob from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Japan Tob has an average rating of “Reduce” and a consensus price target of $17.00.

Japan Tob Trading Up 2.6%

Shares of Japan Tob stock traded up $0.47 on Friday, reaching $18.79. The company had a trading volume of 73,815 shares, compared to its average volume of 93,495. The firm’s 50 day moving average price is $18.91 and its two-hundred day moving average price is $18.71. The firm has a market cap of $66.72 billion, a PE ratio of 18.79 and a beta of 0.28. Japan Tob has a 52-week low of $14.02 and a 52-week high of $20.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.31 and a current ratio of 1.88.

Japan Tob (OTCMKTS:JAPAY) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The company had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.69 billion. Sell-side analysts predict that Japan Tob will post 1.11 earnings per share for the current fiscal 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).