Imperial Brands PLC (OTCMKTS:IMBBY - Get Free Report) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 85,100 shares, a decrease of 55.7% from the December 15th total of 192,200 shares. Based on an average daily volume of 176,600 shares, the days-to-cover ratio is currently 0.5 days.
Imperial Brands Price Performance
IMBBY traded up $0.42 during trading on Tuesday, reaching $31.73. 145,191 shares of the stock were exchanged, compared to its average volume of 326,524. The stock's 50 day moving average price is $32.03 and its two-hundred day moving average price is $29.60. Imperial Brands has a twelve month low of $21.30 and a twelve month high of $33.49.
Imperial Brands Increases Dividend
The firm also recently announced a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, November 29th were paid a dividend of $0.6975 per share. This is an increase from Imperial Brands's previous dividend of $0.28. The ex-dividend date was Friday, November 29th.
Wall Street Analysts Forecast Growth
IMBBY has been the topic of several research analyst reports. Barclays raised Imperial Brands to a "strong-buy" rating in a research note on Wednesday, October 9th. Morgan Stanley upgraded Imperial Brands from an "equal weight" rating to an "overweight" rating in a report on Thursday, October 3rd.
Check Out Our Latest Stock Report on Imperial Brands
About Imperial Brands
(
Get Free Report)
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.
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