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

Imperial Brands PLC (OTCMKTS:IMBBY - Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 6,400 shares, a growth of 16.4% from the September 30th total of 5,500 shares. Based on an average trading volume of 175,700 shares, the days-to-cover ratio is presently 0.0 days.

Imperial Brands Price Performance

Shares of IMBBY traded down $0.95 during trading hours on Tuesday, hitting $29.12. The company's stock had a trading volume of 53,142 shares, compared to its average volume of 113,008. The business has a 50 day simple moving average of $29.10 and a two-hundred day simple moving average of $26.68. Imperial Brands has a 52-week low of $21.30 and a 52-week high of $30.36.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IMBBY shares. Morgan Stanley raised Imperial Brands from an "equal weight" rating to an "overweight" rating in a report on Thursday, October 3rd. Barclays upgraded Imperial Brands to a "strong-buy" rating in a research note on Wednesday, October 9th.

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.