Japan Tobacco Inc. (OTCMKTS:JAPAF) Sees Large Decrease in Short Interest

Japan Tobacco Inc. (OTCMKTS:JAPAF) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 337,948 shares, a decrease of 45.3% from the January 29th total of 617,610 shares. Based on an average trading volume of 301 shares, the short-interest ratio is currently 1,122.8 days. Based on an average trading volume of 301 shares, the short-interest ratio is currently 1,122.8 days.

Japan Tobacco Stock Performance

Japan Tobacco stock traded up $0.34 during mid-day trading on Friday, reaching $39.39. 4 shares of the company’s stock were exchanged, compared to its average volume of 475. Japan Tobacco has a one year low of $23.90 and a one year high of $39.79. The business’s fifty day simple moving average is $37.64 and its 200 day simple moving average is $35.42.

Japan Tobacco Company Profile

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.