Imperial Brands PLC (OTCMKTS:IMBBY) Short Interest Up 1,716.7% in November

Imperial Brands PLC (OTCMKTS:IMBBY) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 76,300 shares, a growth of 1,716.7% from the October 31st total of 4,200 shares. Based on an average trading volume of 206,700 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

A number of brokerages have weighed in on IMBBY. Morgan Stanley upgraded Imperial Brands from an “equal weight” rating to an “overweight” rating in a report on Thursday, October 3rd. Barclays upgraded shares of Imperial Brands to a “strong-buy” rating in a research report on Wednesday, October 9th.

Imperial Brands Trading Up 2.7 %

Shares of Imperial Brands stock opened at $33.39 on Friday. The business’s 50 day moving average price is $30.07 and its 200 day moving average price is $27.94. Imperial Brands has a one year low of $21.30 and a one year high of $33.49.

Imperial Brands Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, January 8th. Stockholders 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 is Friday, November 29th.

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.