British American Tobacco p.l.c. (NYSE:BTI) Short Interest Update

British American Tobacco p.l.c. (NYSE:BTI) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 6,440,000 shares, a growth of 28.8% from the October 15th total of 5,000,000 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 4,400,000 shares, the days-to-cover ratio is currently 1.5 days.

British American Tobacco Stock Up 2.5 %

Shares of BTI opened at $36.39 on Friday. British American Tobacco has a 1-year low of $28.25 and a 1-year high of $39.54. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $36.16 and a two-hundred day simple moving average of $34.11.

Analysts Set New Price Targets

BTI has been the topic of several analyst reports. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target on the stock. in a report on Thursday, October 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BTI. Mather Group LLC. boosted its holdings in shares of British American Tobacco by 4,526.9% in the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after buying an additional 1,177 shares during the last quarter. Addison Advisors LLC increased its stake in shares of British American Tobacco by 79.9% in the 2nd quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock worth $38,000 after purchasing an additional 545 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in British American Tobacco by 153.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after purchasing an additional 753 shares during the period. Pathway Financial Advisers LLC bought a new stake in British American Tobacco during the first quarter valued at about $46,000. Finally, Continuum Advisory LLC increased its position in British American Tobacco by 122.8% in the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after buying an additional 748 shares in the last quarter. 21.44% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.