Short Interest in British American Tobacco p.l.c. (NYSE:BTI) Rises By 6.1%

British American Tobacco p.l.c. (NYSE:BTI) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 5,940,000 shares, an increase of 6.1% from the November 15th total of 5,600,000 shares. Based on an average daily volume of 4,550,000 shares, the short-interest ratio is presently 1.3 days. Currently, 0.3% of the company’s shares are short sold.

British American Tobacco Trading Down 0.9 %

NYSE BTI traded down $0.34 on Tuesday, reaching $37.31. The stock had a trading volume of 3,852,440 shares, compared to its average volume of 4,712,658. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $36.17 and a two-hundred day moving average price of $35.23. British American Tobacco has a 12-month low of $28.25 and a 12-month high of $39.54. The firm has a market capitalization of $77.58 billion, a price-to-earnings ratio of 7.79 and a beta of 0.53.

Analyst Ratings Changes

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

Hedge Funds Weigh In On British American Tobacco

Several hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of British American Tobacco by 13.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 70,117 shares of the company’s stock valued at $2,169,000 after acquiring an additional 8,089 shares in the last quarter. Brookstone Capital Management boosted its stake in shares of British American Tobacco by 15.2% in the 2nd quarter. Brookstone Capital Management now owns 35,829 shares of the company’s stock valued at $1,172,000 after buying an additional 4,728 shares during the period. Raymond James & Associates grew its position in shares of British American Tobacco by 1.9% during the second quarter. Raymond James & Associates now owns 2,279,765 shares of the company’s stock worth $70,513,000 after buying an additional 43,006 shares in the last quarter. Meridian Investment Counsel Inc. increased its stake in shares of British American Tobacco by 4.8% during the second quarter. Meridian Investment Counsel Inc. now owns 59,087 shares of the company’s stock worth $1,828,000 after buying an additional 2,700 shares during the period. Finally, Legacy Capital Group California Inc. lifted its stake in British American Tobacco by 7.0% in the second quarter. Legacy Capital Group California Inc. now owns 8,092 shares of the company’s stock worth $250,000 after acquiring an additional 531 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

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.