Imperial Brands PLC (OTCMKTS:IMBBY) Sees Large Increase in Short Interest

Imperial Brands PLC (OTCMKTS:IMBBY) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 118,400 shares, an increase of 20.6% from the March 15th total of 98,200 shares. Based on an average daily volume of 163,100 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reissued an “overweight” rating on shares of Imperial Brands in a report on Tuesday, April 1st.

Imperial Brands Stock Up 0.8 %

Imperial Brands stock opened at $39.47 on Monday. The firm has a 50 day simple moving average of $36.15 and a 200 day simple moving average of $33.27. Imperial Brands has a 1-year low of $22.02 and a 1-year high of $39.62. The company has a current ratio of 0.72, a quick ratio of 0.36 and a debt-to-equity ratio of 1.24.

Imperial Brands Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, April 7th. Shareholders of record on Friday, February 21st were paid a $0.6779 dividend. The ex-dividend date of this dividend was Friday, February 21st.

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.