Imperial Tobacco Group PLC (OTCMKTS:IMBBY) Sees Large Decline in Short Interest

Key Points

• Short interest in Imperial Tobacco Group PLC decreased by 66.8% in July, dropping from 121,600 shares to 40,400 shares.
• The company's shares have a trading volume of 102,958 and have experienced a 52-week low of $26.72 and a high of $42.43.
• Imperial Tobacco recently announced a dividend of $0.5015 per share, yielding 582.0%, paid to stockholders of record on May 26th.

Imperial Tobacco Group PLC (OTCMKTS:IMBBY - Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 40,400 shares, adropof66.8% from the July 15th total of 121,600 shares. Currently,0.0% of the company's stock are sold short. Based on an average daily trading volume, of 402,900 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 402,900 shares, the short-interest ratio is currently 0.1 days. Currently,0.0% of the company's stock are sold short.

Imperial Tobacco Group Trading Up 0.0%

IMBBY stock traded up $0.02 during midday trading on Thursday, reaching $42.47. 24,768 shares of the company were exchanged, compared to its average volume of 184,329. The business has a 50-day moving average price of $39.69 and a two-hundred day moving average price of $38.06. Imperial Tobacco Group has a one year low of $26.72 and a one year high of $42.51. The company has a current ratio of 0.68, a quick ratio of 0.30 and a debt-to-equity ratio of 1.40.

Imperial Tobacco Group Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, August 25th will be paid a $0.5294 dividend. This represents a yield of 582.0%. This is a boost from Imperial Tobacco Group's previous dividend of $0.50. The ex-dividend date of this dividend is Friday, August 22nd.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Imperial Tobacco Group in a research note on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Imperial Tobacco Group presently has an average rating of "Buy".

About Imperial Tobacco Group

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.