Japan Tobacco Inc. (OTCMKTS:JAPAF) Sees Significant Growth in Short Interest

Japan Tobacco Inc. (OTCMKTS:JAPAF) was the target of a large increase in short interest in April. As of April 15th, there was short interest totaling 835,084 shares, an increase of 29.6% from the March 31st total of 644,602 shares. Based on an average daily trading volume, of 5,113 shares, the short-interest ratio is currently 163.3 days.

Japan Tobacco Price Performance

OTCMKTS JAPAF remained flat at $37.64 on Wednesday. 97 shares of the company traded hands, compared to its average volume of 1,577. The firm’s fifty day simple moving average is $37.08 and its 200 day simple moving average is $36.74. Japan Tobacco has a 1-year low of $26.96 and a 1-year high of $40.00.

About Japan Tobacco

Japan Tobacco Inc is one of the world’s largest tobacco companies, headquartered in Tokyo, Japan, with American Depositary Receipts trading over the counter under the symbol JAPAF. The company’s core business centers on the manufacture, marketing and sale of tobacco products, which include cigarettes, cigars and smokeless tobacco. In recent years, Japan Tobacco has expanded its portfolio to include electronic nicotine delivery systems and heat-not-burn devices as part of its strategy to offer reduced-risk alternatives to traditional smoking.

Among its leading brands are Mevius (formerly Mild Seven), Winston and licensed varieties of Camel, alongside a range of imported premium offerings such as Natural American Spirit.