Imperial Brands PLC (OTCMKTS:IMBBY) Sees Significant Growth in Short Interest

Imperial Brands PLC (OTCMKTS:IMBBY - Get Free Report) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 53,300 shares, an increase of 270.1% from the January 15th total of 14,400 shares. Based on an average trading volume of 223,800 shares, the days-to-cover ratio is presently 0.2 days.

Imperial Brands Stock Performance

Shares of OTCMKTS IMBBY traded down $0.44 during trading on Friday, reaching $35.09. The company had a trading volume of 78,392 shares, compared to its average volume of 189,477. Imperial Brands has a twelve month low of $21.30 and a twelve month high of $36.25. The stock has a 50-day moving average price of $32.94 and a two-hundred day moving average price of $30.69. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.36 and a current ratio of 0.72.

Imperial Brands Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, February 21st will be issued a $0.6779 dividend. The ex-dividend date is Friday, February 21st.

About Imperial Brands

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.