Short Interest in Imperial Tobacco Group PLC (OTCMKTS:IMBBY) Expands By 306.2%

Imperial Tobacco Group PLC (OTCMKTS:IMBBY) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 179,755 shares, an increase of 306.2% from the June 30th total of 44,255 shares. Based on an average daily volume of 373,368 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IMBBY. BTIG Research assumed coverage on shares of Imperial Tobacco Group in a research note on Wednesday, July 22nd. They set a “neutral” rating for the company. UBS Group cut shares of Imperial Tobacco Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Imperial Tobacco Group Price Performance

Imperial Tobacco Group stock opened at $37.58 on Tuesday. Imperial Tobacco Group has a 52-week low of $35.50 and a 52-week high of $45.60. The stock’s 50 day moving average price is $37.27 and its two-hundred day moving average price is $39.82. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.31 and a current ratio of 0.70.

Imperial Tobacco Group Company Profile

Imperial Tobacco Group, historically established in the United Kingdom in 1901 and now operating under the Imperial Brands name, is a multinational tobacco and nicotine company headquartered in Bristol, England. The company’s core business is the manufacture, marketing and sale of tobacco products and alternative nicotine offerings to adult consumers. It supplies products through a combination of owned channels and third-party distributors and focuses on managing an international portfolio of consumer tobacco and nicotine brands.

Product categories include manufactured cigarettes, cigars and fine-cut tobacco for roll-your-own use, together with a growing range of next-generation nicotine products such as vaping devices, heated tobacco and non-combustible nicotine formats that reflect a strategic shift toward reduced-risk alternatives.