Short Interest in JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) Drops By 81.4%

JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 99,995 shares, a drop of 81.4% from the April 15th total of 538,890 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 196,745 shares, the short-interest ratio is presently 0.5 days.

Analysts Set New Price Targets

A number of research firms recently commented on JPPTY. Zacks Research upgraded JAPAN POST BANK to a “hold” rating in a report on Wednesday, April 8th. The Goldman Sachs Group upgraded JAPAN POST BANK to a “buy” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

JAPAN POST BANK Price Performance

OTCMKTS JPPTY remained flat at $17.87 on Tuesday. The company’s stock had a trading volume of 90,830 shares, compared to its average volume of 218,221. The company’s 50-day moving average price is $17.10 and its two-hundred day moving average price is $15.12. JAPAN POST BANK has a 52 week low of $9.46 and a 52 week high of $22.79.

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.