JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) Short Interest Update

JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 6,327 shares, a drop of 40.5% from the July 30th total of 10,628 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 85,927 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised JAPAN POST BANK from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, JAPAN POST BANK currently has a consensus rating of “Moderate Buy”.

JAPAN POST BANK Stock Down 1.4%

Shares of OTCMKTS:JPPTY traded down $0.29 during trading on Tuesday, hitting $20.85. 27,834 shares of the company were exchanged, compared to its average volume of 149,262. JAPAN POST BANK has a 1-year low of $9.46 and a 1-year high of $22.79. The business’s 50 day moving average is $20.01 and its 200-day moving average is $18.86.

JAPAN POST BANK Company Profile

Japan Post Bank Co, Ltd. is one of Japan’s largest retail banks, operating as a subsidiary of Japan Post Holdings. Leveraging the extensive network of post office branches across Japan, the bank provides a full suite of deposit and payment services designed to meet the needs of individual consumers, small- and medium-sized enterprises, and public sector clients. Its broad branch footprint enables convenient access to banking services even in rural areas, underpinning a strong domestic deposit base.

The bank’s core offerings include savings and time deposit accounts, domestic and international remittance services, and foreign currency deposit products.