Japan Tob (OTCMKTS:JAPAY) Shares Shorted: Short Interest Up 87.7% in September

Japan Tob (OTCMKTS:JAPAY) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 98,198 shares, an increase of 87.7% from the September 15th total of 52,326 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 92,035 shares, the short-interest ratio is currently 1.1 days.

Japan Tob Stock Performance

Shares of JAPAY stock traded up $0.01 on Friday, reaching $23.64. The stock had a trading volume of 11,902 shares, compared to its average volume of 122,799. The stock has a market cap of $83.96 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 1.54 and a beta of 0.28. Japan Tob has a 1 year low of $15.74 and a 1 year high of $23.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.45 and a current ratio of 2.04. The company has a 50 day simple moving average of $22.00 and a 200 day simple moving average of $20.18.

Japan Tob (OTCMKTS:JAPAY) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.33 by $0.08. The firm had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.15 billion. Equities research analysts expect that Japan Tob will post 1.13 EPS for the current year.

Wall Street Analyst Weigh In

Separately, BTIG Research assumed coverage on Japan Tob in a research note on Wednesday, July 22nd. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.00.

Japan Tob Company Profile

Japan Tobacco Inc is a Japan-based company engaged primarily in the manufacture and sale of tobacco products. Its portfolio includes combustible cigarettes, heated tobacco products and other reduced-risk nicotine products marketed under brands such as Winston, MEVIUS, Camel and Ploom. The company serves consumers in Japan and international markets through its tobacco business.

In addition to tobacco, Japan Tobacco operates businesses in pharmaceuticals and processed foods. Its pharmaceutical activities focus on prescription medicines, while its food operations include products such as frozen foods, seasonings and processed food ingredients.