Imperial Tobacco Group PLC (OTCMKTS:IMBBY) Sees Significant Decline in Short Interest

Imperial Tobacco Group PLC (OTCMKTS:IMBBY) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 44,255 shares, a decline of 81.9% from the June 15th total of 244,875 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 342,422 shares, the days-to-cover ratio is presently 0.1 days.

Imperial Tobacco Group Stock Performance

Shares of Imperial Tobacco Group stock traded down $0.68 on Monday, hitting $35.87. The stock had a trading volume of 173,926 shares, compared to its average volume of 172,824. Imperial Tobacco Group has a 52-week low of $35.83 and a 52-week high of $45.60. The company has a quick ratio of 0.31, a current ratio of 0.70 and a debt-to-equity ratio of 1.88. The company’s 50 day moving average price is $37.42 and its 200 day moving average price is $40.17.

Analysts Set New Price Targets

Separately, UBS Group cut shares of Imperial Tobacco Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Imperial Tobacco Group presently has a consensus rating of “Hold”.

About Imperial Tobacco Group

Imperial Tobacco Group, historically established in the United Kingdom in 1901 and now operating under the Imperial Brands name, is a multinational tobacco and nicotine company headquartered in Bristol, England. The company’s core business is the manufacture, marketing and sale of tobacco products and alternative nicotine offerings to adult consumers. It supplies products through a combination of owned channels and third-party distributors and focuses on managing an international portfolio of consumer tobacco and nicotine brands.

Product categories include manufactured cigarettes, cigars and fine-cut tobacco for roll-your-own use, together with a growing range of next-generation nicotine products such as vaping devices, heated tobacco and non-combustible nicotine formats that reflect a strategic shift toward reduced-risk alternatives.