Short Interest in Japan Tobacco Inc. (OTCMKTS:JAPAF) Drops By 47.3%

Japan Tobacco Inc. (OTCMKTS:JAPAF) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 440,211 shares, a drop of 47.3% from the April 15th total of 835,084 shares. Based on an average daily trading volume, of 52 shares, the days-to-cover ratio is currently 8,465.6 days.

Japan Tobacco Price Performance

Shares of OTCMKTS:JAPAF remained flat at $42.14 during mid-day trading on Friday. Japan Tobacco has a 1 year low of $26.96 and a 1 year high of $42.14. The company’s 50 day moving average price is $37.08 and its 200 day moving average price is $37.23.

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.