Short Interest in Imperial Brands PLC (OTCMKTS:IMBBY) Expands By 1,716.7%

Imperial Brands PLC (OTCMKTS:IMBBY) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 76,300 shares, a growth of 1,716.7% from the October 31st total of 4,200 shares. Based on an average daily volume of 206,700 shares, the short-interest ratio is currently 0.4 days.

Imperial Brands Stock Up 2.7 %

IMBBY opened at $33.39 on Friday. The company has a fifty day moving average of $30.07 and a two-hundred day moving average of $27.94. Imperial Brands has a fifty-two week low of $21.30 and a fifty-two week high of $33.49.

Imperial Brands Increases Dividend

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

Wall Street Analysts Forecast Growth

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

Imperial Brands Company Profile

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.