Imperial Brands PLC (OTCMKTS:IMBBY) Short Interest Up 218.2% in December

Imperial Brands PLC (OTCMKTS:IMBBY) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 192,200 shares, a growth of 218.2% from the November 30th total of 60,400 shares. Based on an average daily trading volume, of 234,000 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Ratings Changes

A number of equities research analysts have recently 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 shares of Imperial Brands to a “strong-buy” rating in a research note on Wednesday, October 9th.

Imperial Brands Stock Up 0.2 %

IMBBY stock traded up $0.05 during midday trading on Friday, reaching $32.30. The company had a trading volume of 67,340 shares, compared to its average volume of 127,337. Imperial Brands has a 1 year low of $21.30 and a 1 year high of $33.49. The company has a 50 day moving average of $31.52 and a two-hundred day moving average of $29.03.

Imperial Brands Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.6975 per share. This is a positive change from Imperial Brands’s previous dividend of $0.28. The ex-dividend date of this dividend is Friday, November 29th.

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.