Short Interest in Imperial Brands PLC (OTCMKTS:IMBBY) Grows By 218.2%

Posted by Maddie Sorensen on Dec 29th, 2024

Imperial Brands PLC (OTCMKTS:IMBBY – Get Free Report) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 192,200 shares, an increase of 218.2% from the November 30th total of 60,400 shares. Based on an average daily volume of 234,000 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on IMBBY shares. Barclays upgraded shares of Imperial Brands to a “strong-buy” rating in a research report on Wednesday, October 9th. Morgan Stanley raised shares of Imperial Brands from an “equal weight” rating to an “overweight” rating in a research note on Thursday, October 3rd.

View Our Latest Stock Report on Imperial Brands

Imperial Brands Price Performance

Imperial Brands stock traded up $0.05 during trading on Friday, reaching $32.30. The company had a trading volume of 67,340 shares, compared to its average volume of 127,337. The stock’s 50 day moving average price is $31.52 and its two-hundred day moving average price is $29.03. Imperial Brands has a 12-month low of $21.30 and a 12-month high of $33.49.

Imperial Brands Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, November 29th will be given a dividend of $0.6975 per share. The ex-dividend date is Friday, November 29th. This is an increase from Imperial Brands’s previous dividend of $0.28.

Imperial Brands Company Profile

(Get Free Report)

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.