Imperial Brands PLC (OTCMKTS:IMBBY) Short Interest Down 40.6% in May

Imperial Brands PLC (OTCMKTS:IMBBY - Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 28,100 shares, a decrease of 40.6% from the May 15th total of 47,300 shares. Based on an average daily volume of 249,500 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Imperial Brands Stock Up 0.0%

Shares of Imperial Brands stock traded up $0.01 during trading on Monday, hitting $39.36. The stock had a trading volume of 45,462 shares, compared to its average volume of 191,081. Imperial Brands has a 1 year low of $25.30 and a 1 year high of $42.43. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.36 and a current ratio of 0.72. The stock has a 50 day simple moving average of $38.84 and a 200 day simple moving average of $35.70.

Imperial Brands Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, May 26th will be issued a dividend of $0.5015 per share. This represents a dividend yield of 5.82%. The ex-dividend date is Friday, May 23rd.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IMBBY. Royal Bank of Canada reiterated a "sector perform" rating on shares of Imperial Brands in a report on Friday, May 23rd. Morgan Stanley reaffirmed an "overweight" rating on shares of Imperial Brands in a research report on Tuesday, April 1st.

Imperial Brands Company Profile

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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