Japan Tob (OTCMKTS:JAPAY) Sees Large Decline in Short Interest

Key Points

• Japan Tob (OTCMKTS:JAPAY) experienced a drastic reduction in short interest, dropping by 76% to 8,400 shares as of July 31st, indicating bullish sentiment among investors.
• The company's stock price decreased marginally by 0.1%, trading at $16.11 with a market capitalization of approximately $57.21 billion.
• Japan Tob reported quarterly earnings of $0.32 per share, surpassing estimates and demonstrating a strong revenue performance of $6.03 billion against the consensus of $896.47 billion.

Japan Tob (OTCMKTS:JAPAY - Get Free Report) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 8,400 shares, adropof76.0% from the July 15th total of 35,000 shares. Currently,0.0% of the company's stock are sold short. Based on an average trading volume of 98,000 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 98,000 shares, the short-interest ratio is presently 0.1 days. Currently,0.0% of the company's stock are sold short.

Japan Tob Stock Down 0.1%

Shares of JAPAY traded down $0.02 on Friday, hitting $16.11. 12,239 shares of the stock traded hands, compared to its average volume of 115,804. The company has a market capitalization of $57.21 billion, a PE ratio of 17.70 and a beta of 0.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.25 and a current ratio of 1.78. The business has a 50 day simple moving average of $14.95 and a 200 day simple moving average of $14.31. Japan Tob has a one year low of $11.91 and a one year high of $16.48.

Japan Tob (OTCMKTS:JAPAY - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.07. Japan Tob had a net margin of 14.55% and a return on equity of 12.21%. The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $896.47 billion.

Japan Tob Company Profile

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.

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