Short Interest in British American Tobacco p.l.c. (NYSE:BTI) Increases By 6.1%

British American Tobacco p.l.c. (NYSE:BTI) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 5,940,000 shares, a growth of 6.1% from the November 15th total of 5,600,000 shares. Based on an average daily volume of 4,550,000 shares, the short-interest ratio is currently 1.3 days. Approximately 0.3% of the company’s stock are sold short.

British American Tobacco Stock Performance

BTI stock traded down $0.34 on Tuesday, hitting $37.31. The company’s stock had a trading volume of 3,852,440 shares, compared to its average volume of 4,712,658. The stock has a market cap of $77.58 billion, a price-to-earnings ratio of 7.79 and a beta of 0.53. The firm has a 50 day moving average of $36.17 and a two-hundred day moving average of $35.23. 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 1 year low of $28.25 and a 1 year high of $39.54.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. O Brien Greene & Co. Inc lifted its holdings in shares of British American Tobacco by 1.7% during the second quarter. O Brien Greene & Co. Inc now owns 17,102 shares of the company’s stock worth $529,000 after purchasing an additional 289 shares during the period. First City Capital Management Inc. raised its position in British American Tobacco by 2.8% during the 3rd quarter. First City Capital Management Inc. now owns 10,890 shares of the company’s stock worth $398,000 after buying an additional 300 shares during the last quarter. Grove Bank & Trust boosted its holdings in shares of British American Tobacco by 11.0% in the third quarter. Grove Bank & Trust now owns 3,176 shares of the company’s stock valued at $116,000 after acquiring an additional 314 shares in the last quarter. Greenleaf Trust increased its stake in shares of British American Tobacco by 1.8% during the third quarter. Greenleaf Trust now owns 21,211 shares of the company’s stock worth $776,000 after acquiring an additional 376 shares during the period. Finally, MADDEN SECURITIES Corp raised its holdings in British American Tobacco by 1.3% during the third quarter. MADDEN SECURITIES Corp now owns 30,935 shares of the company’s stock worth $1,132,000 after purchasing an additional 400 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BTI has been the topic of several research analyst reports. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research report on Thursday, October 3rd. Finally, Barclays raised British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th.

About British American Tobacco

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.