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

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

Wall Street Analyst Weigh In

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

Japan Tobacco Stock Up 0.2 %

OTCMKTS:JAPAY opened at $13.73 on Friday. The stock’s fifty day moving average price is $12.83 and its two-hundred day moving average price is $13.41. The company has a market cap of $48.77 billion, a price-to-earnings ratio of 15.79 and a beta of 0.44. Japan Tobacco has a 52-week low of $11.91 and a 52-week high of $14.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.34 and a current ratio of 1.89.

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

About Japan Tobacco

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.