Imperial Brands PLC Sees Notable Reduction in Short Interest

Imperial Brands PLC (OTCMKTS:IMBBY - Get Free Report) experienced a significant decrease in short interest during September. By September 30th, the total short interest was recorded at 5,500 shares, representing a sharp decline of 38.2% from the 8,900 shares reported on September 15th. Given the average trading volume of 181,900 shares, the short-interest ratio currently stands at 0.0 days.

Recent Trading Activity

On the trading front, IMBBY opened at $29.53 last Friday. The stock has demonstrated considerable variability, marking a twelve-month low of $20.82 and a high of $29.69. The fifty-day moving average for the company is $28.51, while its 200-day moving average is $26.01.

Dividend Announcement

In other news, Imperial Brands recently declared a dividend that was paid out on October 11th. Shareholders who were on record as of August 23rd received a dividend of $0.2752 per share. The ex-dividend date was also noted as August 23rd.

Analyst Opinions

Several analysts have weighed in on IMBBY in recent days. Barclays upgraded Imperial Brands to a "strong-buy" rating in a research note published on Wednesday. Additionally, Morgan Stanley has raised its rating on the stock from "equal weight" to "overweight" in a report released on October 3rd.

About Imperial Brands PLC

Imperial Brands PLC, along with its subsidiaries, manufactures, imports, markets, and sells tobacco and related products across various regions, including Europe, the Americas, Africa, Asia, and Australasia. The company’s diverse portfolio includes cigarettes, tobacco accessories, vapor products, heated tobacco, and oral nicotine, marketed under various brands such as JPS, Davidoff, Gauloises, West, and Winston, among others.

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