Chiba Bank Ltd. (OTCMKTS:CHBAY) Short Interest Update

Key Points

• Short interest plunged 99.6%, dropping to 29 shares as of April 15 — equivalent to 0.0% of shares short and a 0.0 days-to-cover ratio.
• Shares were unchanged at $69.31 with a market cap of $10.75 billion and a P/E of 16.5, while the stock shows very low volatility (beta 0.05) and is trading near its one-year high.
• Quarterly results beat expectations, with $1.14 EPS versus a $1.07 consensus and revenue of $721.38 million (vs. $358.53M expected), and a net margin of 20.92%.

Chiba Bank Ltd. (OTCMKTS:CHBAY - Get Free Report) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 29 shares, a decrease of 99.6% from the March 31st total of 8,076 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 699 shares, the days-to-cover ratio is presently 0.0 days.

Chiba Bank Price Performance

Shares of CHBAY remained flat at $69.31 during trading hours on Friday. The company had a trading volume of 50 shares, compared to its average volume of 732. The company has a market cap of $10.75 billion, a price-to-earnings ratio of 16.50 and a beta of 0.05. Chiba Bank has a one year low of $62.60 and a one year high of $70.75. The firm has a 50 day moving average price of $60.84 and a two-hundred day moving average price of $54.94.

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

Chiba Bank Company Profile

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.

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