JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) Shares Shorted: Short Interest Down 40.4% in October

JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 57,480 shares, a drop of 40.4% from the September 30th total of 96,422 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 118,760 shares, the short-interest ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of JAPAN POST BANK from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

JAPAN POST BANK Trading Down 2.0%

Shares of OTCMKTS:JPPTY traded down $0.38 during midday trading on Friday, reaching $18.98. 63,997 shares of the company’s stock traded hands, compared to its average volume of 80,448. The stock has a 50 day moving average of $20.56 and a 200 day moving average of $19.04. JAPAN POST BANK has a one year low of $9.46 and a one year high of $24.15.

About JAPAN POST BANK

Japan Post Bank Co, Ltd. is a Japanese financial institution and a member of the Japan Post Group. The bank provides retail banking services to individuals, businesses and public-sector customers, including ordinary and time deposits, money transfers, payment services, foreign-currency transactions and investment-related products.

Japan Post Bank distributes many of its services through Japan Post offices, giving it a broad presence across Japan, including communities that may have limited access to other banking providers.