Japan Tobacco Inc. (OTCMKTS:JAPAY) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 12,500 shares, an increase of 525.0% from the September 15th total of 2,000 shares. Based on an average trading volume of 62,900 shares, the days-to-cover ratio is presently 0.2 days.
Separately, Zacks Investment Research upgraded shares of Japan Tobacco from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Thursday, August 26th.
Japan Tobacco stock traded up $0.15 during mid-day trading on Thursday, hitting $9.93. The company had a trading volume of 29,160 shares, compared to its average volume of 42,882. The company has a current ratio of 1.51, a quick ratio of 1.11 and a debt-to-equity ratio of 0.31. Japan Tobacco has a 12-month low of $8.74 and a 12-month high of $10.99. The company’s fifty day moving average is $9.78 and its 200-day moving average is $9.76. The company has a market capitalization of $35.24 billion, a price-to-earnings ratio of 11.16 and a beta of 0.44.
Japan Tobacco, Inc engages in the manufacture and sale of tobacco, pharmaceutical and processed food products. It operates through the following divisions: Japanese Domestic Tobacco, International Tobacco, Pharmaceutical, and Processed Food. The Japanese Domestic segment deals with the production and sale of tobacco products in domestic areas.
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