Chiba Bank Ltd. (OTCMKTS:CHBAY) Short Interest Up 5,284.0% in March
by Teresa Graham · The Cerbat GemChiba Bank Ltd. (OTCMKTS:CHBAY – Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 8,076 shares, a growth of 5,284.0% from the March 15th total of 150 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 3,112 shares, the short-interest ratio is presently 2.6 days.
Chiba Bank Stock Performance
CHBAY remained flat at $65.00 on Friday. The company had a trading volume of 9 shares, compared to its average volume of 1,007. Chiba Bank has a fifty-two week low of $62.60 and a fifty-two week high of $70.75. The company has a market cap of $10.08 billion, a P/E ratio of 15.48 and a beta of 0.05. The company has a 50 day moving average price of $57.84 and a two-hundred day moving average price of $53.63.
Chiba Bank (OTCMKTS:CHBAY – Get Free Report) last posted its quarterly earnings results on Monday, February 2nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. Chiba Bank had a net margin of 20.92% and a return on equity of 7.53%. The firm had revenue of $721.38 million for the quarter, compared to analyst estimates of $358.53 million.
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.