Imperial Brands PLC (OTCMKTS:IMBBY) Short Interest Update

Imperial Brands PLC (OTCMKTS:IMBBY) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 76,300 shares, a growth of 1,716.7% from the October 31st total of 4,200 shares. Based on an average daily volume of 206,700 shares, the days-to-cover ratio is currently 0.4 days.

Imperial Brands Stock Up 1.1 %

Shares of OTCMKTS IMBBY traded up $0.36 during trading hours on Wednesday, reaching $32.50. The stock had a trading volume of 238,804 shares, compared to its average volume of 286,540. The business’s fifty day moving average price is $29.88 and its two-hundred day moving average price is $27.81. Imperial Brands has a 52-week low of $21.30 and a 52-week high of $32.69.

Imperial Brands Increases Dividend

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

Wall Street Analysts Forecast Growth

IMBBY has been the topic of a number of analyst reports. Morgan Stanley raised Imperial Brands from an “equal weight” rating to an “overweight” rating in a research note on Thursday, October 3rd. Barclays upgraded Imperial Brands to a “strong-buy” rating in a report on Wednesday, October 9th.

About Imperial Brands

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.