Japan Tob (OTCMKTS:JAPAY) Stock Short Interest Rises 87.7%

Japan Tob (OTCMKTS:JAPAY) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 98,198 shares, an increase of 87.7% from the September 15th total of 52,326 shares. Based on an average daily volume of 92,035 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.0% of the company’s shares are short sold.

Japan Tob Stock Up 0.2%

OTCMKTS:JAPAY opened at $23.14 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.45 and a debt-to-equity ratio of 0.35. Japan Tob has a twelve month low of $15.74 and a twelve month high of $23.36. The company has a market cap of $82.16 billion, a PE ratio of 16.89, a P/E/G ratio of 1.53 and a beta of 0.28. The company’s 50 day moving average is $21.97 and its two-hundred day moving average is $20.15.

Japan Tob (OTCMKTS:JAPAY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. The company had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.15 billion. Analysts anticipate that Japan Tob will post 1.13 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, BTIG Research began coverage on Japan Tob in a report on Wednesday, July 22nd. They issued a “buy” rating for the company. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $17.00.

About Japan Tob

Japan Tobacco Inc is a Japan-based company engaged primarily in the manufacture and sale of tobacco products. Its portfolio includes combustible cigarettes, heated tobacco products and other reduced-risk nicotine products marketed under brands such as Winston, MEVIUS, Camel and Ploom. The company serves consumers in Japan and international markets through its tobacco business.

In addition to tobacco, Japan Tobacco operates businesses in pharmaceuticals and processed foods. Its pharmaceutical activities focus on prescription medicines, while its food operations include products such as frozen foods, seasonings and processed food ingredients.