Imperial Brands PLC (OTCMKTS:IMBBY) Short Interest Update

Imperial Brands PLC (OTCMKTS:IMBBY) 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.

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.