Short Interest in Imperial Tobacco Group PLC (OTCMKTS:IMBBY) Drops By 66.8%

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 decrease in short interest during the month of July. As of July 31st, there was short interest totaling 40,400 shares, adecreaseof66.8% from the July 15th total of 121,600 shares. Based on an average trading volume of 402,900 shares, the days-to-cover ratio is presently 0.1 days. Approximately0.0% of the company's shares are sold short. Approximately0.0% of the company's shares are sold short. Based on an average trading volume of 402,900 shares, the days-to-cover ratio is presently 0.1 days.

Imperial Tobacco Group Stock Performance

Shares of IMBBY stock traded up $0.30 during mid-day trading on Friday, hitting $41.70. The stock had a trading volume of 102,958 shares, compared to its average volume of 182,303. Imperial Tobacco Group has a fifty-two week low of $26.72 and a fifty-two week high of $42.43. The company has a quick ratio of 0.30, a current ratio of 0.68 and a debt-to-equity ratio of 1.40. The company's 50-day simple moving average is $39.51 and its 200-day simple moving average is $37.89.

Imperial Tobacco Group Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, May 26th were issued a $0.5015 dividend. This represents a dividend yield of 582.0%. The ex-dividend date was Friday, May 23rd.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reissued a "sector perform" rating on shares of Imperial Tobacco Group in a research report on Friday, May 23rd.

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.

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