Japan Tob (OTCMKTS:JAPAY) Sees Significant Drop in Short Interest

Japan Tob (OTCMKTS:JAPAY) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 15,167 shares, a decrease of 83.2% from the April 15th total of 90,374 shares. Based on an average daily volume of 677,698 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Japan Tob from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, Japan Tob presently has a consensus rating of “Sell” and an average price target of $17.00.

Japan Tob Stock Down 2.1%

Shares of OTCMKTS:JAPAY traded down $0.41 during mid-day trading on Tuesday, reaching $19.20. 4,159 shares of the stock were exchanged, compared to its average volume of 190,525. The stock’s 50 day simple moving average is $18.49 and its 200-day simple moving average is $18.41. Japan Tob has a one year low of $14.02 and a one year high of $20.68. The company has a market cap of $68.17 billion, a P/E ratio of 21.10 and a beta of 0.28. The company has a quick ratio of 1.38, a current ratio of 1.93 and a debt-to-equity ratio of 0.39.

Japan Tob (OTCMKTS:JAPAY) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.69 billion. As a group, equities research analysts predict that Japan Tob will post 1.08 EPS for the current year.

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).