Short Interest in Chiba Bank Ltd. (OTCMKTS:CHBAY) Rises By ∞

Chiba Bank Ltd. (OTCMKTS:CHBAY) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 917 shares, a growth of ∞ from the June 15th total of 0 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 468 shares, the days-to-cover ratio is presently 2.0 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Chiba Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Chiba Bank has an average rating of “Strong Buy”.

Chiba Bank Stock Performance

Shares of Chiba Bank stock opened at $75.71 on Friday. The firm has a fifty day moving average of $73.18 and a two-hundred day moving average of $64.12. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 17.05 and a beta of 0.09. Chiba Bank has a 52 week low of $62.28 and a 52 week high of $78.67. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.95.

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.