British American Tobacco p.l.c. (NYSE:BTI) Short Interest Update

British American Tobacco p.l.c. (NYSE:BTI) 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BTI. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of British American Tobacco by 1.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 62,028 shares of the company’s stock valued at $1,892,000 after acquiring an additional 1,032 shares in the last quarter. AlphaMark Advisors LLC boosted its holdings in shares of British American Tobacco by 3,620.9% in the first quarter. AlphaMark Advisors LLC now owns 3,386 shares of the company’s stock valued at $103,000 after acquiring an additional 3,295 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of British American Tobacco by 109.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,760 shares of the company’s stock valued at $389,000 after acquiring an additional 6,660 shares in the last quarter. Applied Capital LLC FL boosted its holdings in shares of British American Tobacco by 9.3% in the first quarter. Applied Capital LLC FL now owns 17,592 shares of the company’s stock valued at $537,000 after acquiring an additional 1,490 shares in the last quarter. Finally, Naviter Wealth LLC lifted its stake in British American Tobacco by 59.5% during the first quarter. Naviter Wealth LLC now owns 52,506 shares of the company’s stock valued at $1,640,000 after purchasing an additional 19,579 shares during the last quarter. 21.44% of the stock is currently owned by institutional investors.

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.