British American Tobacco p.l.c. (NYSE:BTI) Short Interest Update

British American Tobacco p.l.c. (NYSE:BTI) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 5,940,000 shares, a growth of 58.4% from the July 15th total of 3,750,000 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 4,980,000 shares, the days-to-cover ratio is currently 1.2 days.

Analyst Ratings Changes

Separately, StockNews.com downgraded British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday.

Institutional Investors Weigh In On British American Tobacco

A number of institutional investors and hedge funds have recently made changes to their positions in BTI. Heritage Wealth Advisors acquired a new position in British American Tobacco in the 4th quarter valued at about $26,000. Parkside Financial Bank & Trust increased its holdings in shares of British American Tobacco by 308.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 940 shares of the company’s stock valued at $28,000 after purchasing an additional 710 shares during the period. Cape Investment Advisory Inc. raised its stake in shares of British American Tobacco by 92.7% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after purchasing an additional 510 shares during the last quarter. Larson Financial Group LLC grew its position in British American Tobacco by 153.7% in the 1st quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after buying an additional 610 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in British American Tobacco in the 4th quarter valued at $34,000. 21.44% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

Shares of British American Tobacco stock traded up $0.02 during trading on Wednesday, reaching $36.18. The company’s stock had a trading volume of 6,062,404 shares, compared to its average volume of 4,947,904. The firm has a market cap of $80.35 billion, a PE ratio of 7.44, a P/E/G ratio of 1.88 and a beta of 0.52. The company has a 50-day moving average price of $32.82 and a two-hundred day moving average price of $31.08. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco has a fifty-two week low of $28.25 and a fifty-two week high of $36.45.

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.