Chiba Bank Ltd. (OTCMKTS:CHBAY) Short Interest Up 5,284.0% in March

Key Points

• Short interest surged 5,284.0% to 8,076 shares as of March 31, up from 150 shares on March 15.
• The short-interest ratio is 2.6 days based on an average daily volume of 3,112 shares, while the report shows 0.0% of the company's stock sold short (likely a rounding artifact).
• Chiba Bank beat quarterly expectations with $1.14 EPS (vs. $1.07 est.) and $721.38 million in revenue; shares were flat at $65.00 with only 9 shares traded that session and a market cap of $10.08 billion.

Chiba Bank Ltd. (OTCMKTS:CHBAY - Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 8,076 shares, a growth of 5,284.0% from the March 15th total of 150 shares. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 3,112 shares, the short-interest ratio is presently 2.6 days.

Chiba Bank Stock Performance

CHBAY remained flat at $65.00 on Friday. The company had a trading volume of 9 shares, compared to its average volume of 1,007. Chiba Bank has a fifty-two week low of $62.60 and a fifty-two week high of $70.75. The company has a market cap of $10.08 billion, a P/E ratio of 15.48 and a beta of 0.05. The company has a 50 day moving average price of $57.84 and a two-hundred day moving average price of $53.63.

Chiba Bank (OTCMKTS:CHBAY - Get Free Report) last posted its quarterly earnings results on Monday, February 2nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. Chiba Bank had a net margin of 20.92% and a return on equity of 7.53%. The firm had revenue of $721.38 million for the quarter, compared to analyst estimates of $358.53 million.

About Chiba Bank

Chiba Bank, Ltd. OTCMKTS: CHBAY is a regional commercial bank headquartered in Chiba City, Japan. Established in 1943, the bank offers a broad range of banking and financial services to individual, corporate and public sector clients. As one of the largest financial institutions in Chiba Prefecture, Chiba Bank plays a central role in supporting local economic activity and community development.

The bank's core business activities include deposit-taking, lending, and trust services. Chiba Bank provides retail customers with savings accounts, fixed-term deposits, personal loans and mortgage financing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.