Imperial Brands PLC (OTCMKTS:IMBBY) Short Interest Update

Posted by Lisa Durand on Nov 27th, 2024

Imperial Brands PLC (OTCMKTS:IMBBY – Get Free Report) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 76,300 shares, an increase of 1,716.7% from the October 31st total of 4,200 shares. Based on an average daily trading volume, of 206,700 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

IMBBY has been the subject of a number of research reports. Morgan Stanley raised shares of Imperial Brands from an “equal weight” rating to an “overweight” rating in a research report on Thursday, October 3rd. Barclays raised shares of Imperial Brands to a “strong-buy” rating in a research report on Wednesday, October 9th.

Check Out Our Latest Analysis on IMBBY

Imperial Brands Stock Performance

Shares of IMBBY stock traded up $0.36 during trading hours on Wednesday, hitting $32.50. 238,804 shares of the company were exchanged, compared to its average volume of 286,540. Imperial Brands has a one year low of $21.30 and a one year high of $32.69. The business’s 50-day simple moving average is $29.88 and its two-hundred day simple moving average is $27.81.

Imperial Brands Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, November 29th will be issued a $0.6975 dividend. 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

(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.