Imperial Brands PLC (OTCMKTS:IMBBY) Short Interest Down 38.2% in September

Imperial Brands PLC (OTCMKTS:IMBBY) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 5,500 shares, a decrease of 38.2% from the September 15th total of 8,900 shares. Based on an average trading volume of 181,900 shares, the days-to-cover ratio is presently 0.0 days.

Imperial Brands Stock Up 0.4 %

Shares of OTCMKTS IMBBY opened at $29.53 on Monday. The stock has a fifty day moving average price of $28.55 and a 200 day moving average price of $26.06. Imperial Brands has a 1-year low of $20.82 and a 1-year high of $29.69.

Imperial Brands Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, August 23rd were given a $0.2752 dividend. The ex-dividend date was Friday, August 23rd.

Analysts Set New Price Targets

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

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.