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

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

Chiba Bank Price Performance

Shares of OTCMKTS CHBAY opened at $65.00 on Friday. The business has a fifty day simple moving average of $58.04 and a two-hundred day simple moving average of $53.74. The firm has a market cap of $10.08 billion, a PE ratio of 15.48 and a beta of 0.05. Chiba Bank has a twelve month low of $62.60 and a twelve month high of $70.75.

Chiba Bank (OTCMKTS:CHBAY) last issued 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 business had revenue of $721.38 million during the quarter, compared to analyst estimates of $358.53 million. Chiba Bank had a return on equity of 7.53% and a net margin of 20.92%.

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.