Short Interest in Japan Tob (OTCMKTS:JAPAY) Declines By 76.0%

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) was the target of a large drop in short interest in the month of 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 shares are sold short. Based on an average daily trading volume, of 98,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 98,000 shares, the days-to-cover ratio is currently 0.1 days. Currently,0.0% of the company's shares are sold short.

Japan Tob Trading Up 2.5%

Shares of JAPAY traded up $0.41 during trading hours on Wednesday, hitting $16.54. The stock had a trading volume of 26,157 shares, compared to its average volume of 114,331. The company's fifty day simple moving average is $15.00 and its 200 day simple moving average is $14.39. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.25 and a current ratio of 1.78. Japan Tob has a 12-month low of $11.91 and a 12-month high of $16.54. The firm has a market cap of $58.74 billion, a P/E ratio of 18.18 and a beta of 0.36.

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

About Japan Tob

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.