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 June. As of June 30th, there was short interest totaling 1,797,434 shares, an increase of 91.1% from the June 15th total of 940,604 shares. Based on an average daily volume of 1,907 shares, the days-to-cover ratio is presently 942.5 days.

Japan Tobacco Price Performance

Shares of JAPAF remained flat at $35.36 during midday trading on Thursday. 6 shares of the company’s stock traded hands, compared to its average volume of 2,766. The firm has a 50 day simple moving average of $38.68 and a 200 day simple moving average of $37.74. Japan Tobacco has a twelve month low of $26.96 and a twelve month high of $42.26.

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.