British American Tobacco p.l.c. (NYSE:BTI – Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 5,000,000 shares, a decrease of 35.5% from the September 30th total of 7,750,000 shares. Based on an average daily trading volume, of 5,380,000 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the shares of the company are short sold.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. StockNews.com cut shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th. Finally, Morgan Stanley cut shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a research report on Thursday, October 3rd.
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Institutional Inflows and Outflows
British American Tobacco Price Performance
NYSE BTI opened at $34.47 on Friday. British American Tobacco has a 52 week low of $28.25 and a 52 week high of $39.54. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The stock has a market cap of $76.56 billion, a price-to-earnings ratio of 7.14 and a beta of 0.52. The company has a 50-day moving average price of $36.75 and a two-hundred day moving average price of $33.50.
British American Tobacco Company Profile
British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.
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