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

Posted by William Tyler on Dec 27th, 2024

Imperial Brands PLC (OTCMKTS:IMBBY – Get Free Report) was the target 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.

Imperial Brands Stock Performance

Shares of OTCMKTS IMBBY traded up $0.07 during trading hours on Thursday, hitting $32.25. 70,221 shares of the company traded hands, compared to its average volume of 127,578. The company’s 50 day moving average price is $31.47 and its 200 day moving average price is $29.01. Imperial Brands has a 12 month low of $21.30 and a 12 month high of $33.49.

Imperial Brands Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on IMBBY shares. Morgan Stanley upgraded 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 note on Wednesday, October 9th.

Check Out Our Latest Analysis on IMBBY

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.