Japan Tobacco Inc. (OTCMKTS:JAPAY) Short Interest Up 1,471.4% in March

Japan Tobacco Inc. (OTCMKTS:JAPAY) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 11,000 shares, a growth of 1,471.4% from the February 28th total of 700 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 117,200 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Japan Tobacco from a “hold” rating to a “strong-buy” rating in a report on Monday.

Japan Tobacco Stock Down 0.9 %

Shares of OTCMKTS:JAPAY traded down $0.13 during midday trading on Thursday, reaching $13.70. 30,096 shares of the company were exchanged, compared to its average volume of 165,156. The firm has a market cap of $48.65 billion, a PE ratio of 15.75 and a beta of 0.44. The company has a quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 0.22. Japan Tobacco has a fifty-two week low of $11.91 and a fifty-two week high of $14.99. The stock has a fifty day simple moving average of $12.81 and a two-hundred day simple moving average of $13.41.

Japan Tobacco (OTCMKTS:JAPAY) last announced its earnings results on Thursday, February 13th. The company reported $0.04 earnings per share (EPS) for the quarter. Japan Tobacco had a return on equity of 11.11% and a net margin of 14.74%. The business had revenue of $4.97 billion for the quarter.

Japan Tobacco Company Profile

Japan Tobacco Inc, a tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally. The company operates through three segments: Tobacco Business, Pharmaceutical, and Processed Food. It offers tobacco products, such as cigarettes, heat-not-burn tobacco products, E-vapor products, fine cut tobacco products, cigars, pipes, smokeless tobacco products, and hookah and kretek products.