Short Interest in Imperial Brands PLC (OTCMKTS:IMBBY) Rises By 20.6%

Imperial Brands PLC (OTCMKTS:IMBBY) saw 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. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 163,100 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

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

Imperial Brands Trading Down 0.1 %

Shares of Imperial Brands stock opened at $39.48 on Tuesday. The business has a 50 day moving average of $36.21 and a 200 day moving average of $33.35. Imperial Brands has a 52 week low of $22.60 and a 52 week high of $40.00. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.36 and a current ratio of 0.72.

Imperial Brands Cuts Dividend

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