Japan Tob (OTCMKTS:JAPAY) Sees Large Decrease in Short Interest

Japan Tob (OTCMKTS:JAPAY) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 15,167 shares, a decline of 83.2% from the April 15th total of 90,374 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 677,698 shares, the days-to-cover ratio is currently 0.0 days.

Japan Tob Stock Performance

Shares of OTCMKTS:JAPAY traded up $0.19 during midday trading on Thursday, reaching $19.74. 45,655 shares of the company traded hands, compared to its average volume of 187,961. The company has a quick ratio of 1.38, a current ratio of 1.93 and a debt-to-equity ratio of 0.39. Japan Tob has a 12 month low of $14.02 and a 12 month high of $20.68. The firm has a market capitalization of $70.09 billion, a price-to-earnings ratio of 19.74 and a beta of 0.28. The firm’s fifty day moving average price is $18.51 and its two-hundred day moving average price is $18.45.

Japan Tob (OTCMKTS:JAPAY) last released its quarterly earnings data on Friday, May 8th. The company reported $0.35 earnings per share (EPS) for the quarter, beating 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. On average, equities analysts expect that Japan Tob will post 1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Japan Tob from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, Japan Tob presently has an average rating of “Sell” and a consensus price target of $17.00.

About Japan Tob

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).