Imperial Brands PLC (OTCMKTS:IMBBY) Short Interest Update

by · The Markets Daily

Imperial Brands PLC (OTCMKTS:IMBBY – Get Free Report) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 85,100 shares, a drop of 55.7% from the December 15th total of 192,200 shares. Based on an average daily volume of 176,600 shares, the days-to-cover ratio is currently 0.5 days.

Imperial Brands Stock Performance

Shares of Imperial Brands stock traded up $0.42 on Tuesday, reaching $31.73. 145,191 shares of the stock were exchanged, compared to its average volume of 326,524. The firm’s 50 day moving average is $32.03 and its 200-day moving average is $29.60. Imperial Brands has a one year low of $21.30 and a one year high of $33.49.

Imperial Brands Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, November 29th were paid a dividend of $0.6975 per share. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from Imperial Brands’s previous dividend of $0.28.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Morgan Stanley raised Imperial Brands from an “equal weight” rating to an “overweight” rating in a report on Thursday, October 3rd. Barclays raised Imperial Brands to a “strong-buy” rating in a research note on Wednesday, October 9th.

Read Our Latest Report on IMBBY

Imperial Brands Company Profile

(Get Free Report)

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, Asia, and Australasia. It offers a range of cigarettes, tobacco accessories, vapour, heated tobacco, and oral nicotine. The company sells its products under various brands, including JPS, Davidoff, Gauloises, West, Winston, Kool, Lambert & Butler, Fortuna, Nobel, News, Backwoods, Champion, Golden Virginia, Rizla, Blu, Pulze, Skruf, and Zone X.

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