Japan Tobacco Inc. (OTCMKTS:JAPAF) Sees Significant Decline in Short Interest

Japan Tobacco Inc. (OTCMKTS:JAPAF) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 406,800 shares, a decline of 20.3% from the August 15th total of 510,200 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is presently 1,356.0 days.

Japan Tobacco Price Performance

OTCMKTS JAPAF remained flat at $30.25 on Tuesday. 32 shares of the company traded hands, compared to its average volume of 1,065. The stock’s 50 day moving average is $27.79 and its two-hundred day moving average is $27.38. Japan Tobacco has a fifty-two week low of $22.11 and a fifty-two week high of $30.25.

About Japan Tobacco

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.