Chiba Bank Ltd. (OTCMKTS:CHBAY) Short Interest Update

Chiba Bank Ltd. (OTCMKTS:CHBAY) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 16 shares, a drop of 98.3% from the June 30th total of 917 shares. Based on an average daily trading volume, of 41 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Zacks Research raised Chiba Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Chiba Bank presently has a consensus rating of “Strong Buy”.

Chiba Bank Stock Performance

Chiba Bank stock remained flat at $75.71 during midday trading on Friday. 5 shares of the company traded hands, compared to its average volume of 124. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s fifty day moving average price is $73.52 and its 200-day moving average price is $64.76. Chiba Bank has a 52-week low of $62.28 and a 52-week high of $78.67. The firm has a market cap of $11.74 billion, a PE ratio of 17.05 and a beta of 0.10.

About Chiba Bank

Chiba Bank, Ltd. (OTCMKTS: CHBAY) is a regional commercial bank headquartered in Chiba City, Japan. Established in 1943, the bank offers a broad range of banking and financial services to individual, corporate and public sector clients. As one of the largest financial institutions in Chiba Prefecture, Chiba Bank plays a central role in supporting local economic activity and community development.

The bank’s core business activities include deposit-taking, lending, and trust services. Chiba Bank provides retail customers with savings accounts, fixed-term deposits, personal loans and mortgage financing.