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

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Morgan Stanley raised Imperial Brands from an “equal weight” rating to an “overweight” rating in a research note on Thursday, October 3rd. Barclays raised Imperial Brands to a “strong-buy” rating in a research report on Wednesday, October 9th.

Imperial Brands Trading Up 0.2 %

Shares of OTCMKTS:IMBBY traded up $0.07 during trading hours on Thursday, hitting $32.25. The company’s stock had a trading volume of 70,221 shares, compared to its average volume of 127,578. The firm’s fifty day moving average price is $31.47 and its 200 day moving average price is $29.01. Imperial Brands has a 52 week low of $21.30 and a 52 week high of $33.49.

Imperial Brands Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.6975 per share. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Imperial Brands’s previous dividend of $0.28.

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.