Short Interest in Imperial Brands PLC (OTCMKTS:IMBBY) Declines By 29.6%

Imperial Brands PLC (OTCMKTS:IMBBY) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 98,200 shares, a drop of 29.6% from the February 28th total of 139,500 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 408,300 shares, the days-to-cover ratio is presently 0.2 days.

Imperial Brands Price Performance

OTCMKTS:IMBBY traded up $0.67 during mid-day trading on Friday, hitting $36.58. 124,956 shares of the company traded hands, compared to its average volume of 245,110. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.36 and a current ratio of 0.72. The stock’s fifty day moving average price is $34.85 and its 200-day moving average price is $32.27. Imperial Brands has a one year low of $21.36 and a one year high of $36.61.

Imperial Brands Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 7th. Investors of record on Friday, February 21st will be paid a dividend of $0.6779 per share. The ex-dividend date of this dividend is Friday, February 21st.

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.