Imperial Brands PLC (OTCMKTS:IMBBY) Short Interest Update

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IMBBY. Morgan Stanley raised shares of Imperial Brands from an “equal weight” rating to an “overweight” rating in a research note on Thursday, October 3rd. Barclays raised shares of Imperial Brands to a “strong-buy” rating in a research note on Wednesday, October 9th.

Imperial Brands Trading Down 0.5 %

Imperial Brands stock traded down $0.16 during mid-day trading on Wednesday, hitting $32.94. 127,053 shares of the company’s stock traded hands, compared to its average volume of 208,670. The firm has a 50 day simple moving average of $32.38 and a two-hundred day simple moving average of $30.03. Imperial Brands has a fifty-two week low of $21.30 and a fifty-two week high of $33.49. The company has a current ratio of 0.72, a quick ratio of 0.36 and a debt-to-equity ratio of 1.24.

Imperial Brands Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.6779 per share. The ex-dividend date of this dividend is Friday, February 21st.

Imperial Brands Company Profile

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.