Short Interest in Imperial Brands PLC (OTCMKTS:IMBBY) Declines By 40.6%

Imperial Brands PLC (OTCMKTS:IMBBY) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 28,100 shares, a drop of 40.6% from the May 15th total of 47,300 shares. Based on an average daily volume of 249,500 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Imperial Brands Stock Performance

Shares of Imperial Brands stock traded up $0.01 during trading on Monday, hitting $39.36. The stock had a trading volume of 45,462 shares, compared to its average volume of 191,081. The company has a current ratio of 0.72, a quick ratio of 0.36 and a debt-to-equity ratio of 1.24. The business’s 50-day moving average is $38.84 and its 200 day moving average is $35.70. Imperial Brands has a 12 month low of $25.30 and a 12 month high of $42.43.

Imperial Brands Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, May 26th will be paid a $0.5015 dividend. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 5.82%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on IMBBY shares. Morgan Stanley reissued an “overweight” rating on shares of Imperial Brands in a report on Tuesday, April 1st. Royal Bank of Canada restated a “sector perform” rating on shares of Imperial Brands in a research report on Friday, May 23rd.

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.