Short Interest in Japan Tob (OTCMKTS:JAPAY) Declines By 59.0%

Japan Tob (OTCMKTS:JAPAY) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totaling 7,750 shares, a decline of 59.0% from the November 30th total of 18,896 shares. Based on an average daily volume of 146,434 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 146,434 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Barclays restated an “underweight” rating and issued a $17.00 price objective on shares of Japan Tob in a report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Japan Tob Trading Down 0.5%

Shares of JAPAY traded down $0.10 during mid-day trading on Friday, reaching $18.49. The stock had a trading volume of 102,447 shares, compared to its average volume of 158,583. Japan Tob has a 52-week low of $11.91 and a 52-week high of $19.51. The firm has a market cap of $65.66 billion, a price-to-earnings ratio of 20.32 and a beta of 0.34. The business’s fifty day moving average is $18.01 and its 200 day moving average is $16.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.84 and a quick ratio of 1.32.

Japan Tob Company Profile

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).