Japan Tob (OTCMKTS:JAPAY) Short Interest Down 95.3% in June

Japan Tob (OTCMKTS:JAPAY) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 12,986 shares, a decline of 95.3% from the June 15th total of 276,860 shares. Based on an average trading volume of 163,762 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Japan Tob Stock Performance

JAPAY stock traded down $0.06 during midday trading on Friday, reaching $18.98. The company had a trading volume of 52,969 shares, compared to its average volume of 82,084. The company has a quick ratio of 1.31, a current ratio of 1.88 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average price of $19.06 and a 200 day moving average price of $18.73. Japan Tob has a fifty-two week low of $14.02 and a fifty-two week high of $20.68. The firm has a market capitalization of $67.39 billion, a PE ratio of 18.98 and a beta of 0.29.

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

Wall Street Analysts Forecast Growth

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

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).