Imperial Tobacco Group PLC (OTCMKTS:IMBBY) Sees Significant Growth in Short Interest

Imperial Tobacco Group PLC (OTCMKTS:IMBBY) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 20,006 shares, an increase of 65.6% from the August 15th total of 12,083 shares. Based on an average trading volume of 376,317 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Imperial Tobacco Group Price Performance

IMBBY stock opened at $33.32 on Thursday. The firm has a 50 day moving average of $35.75 and a 200-day moving average of $37.86. The company has a current ratio of 0.70, a quick ratio of 0.31 and a debt-to-equity ratio of 1.88. Imperial Tobacco Group has a 12-month low of $33.01 and a 12-month high of $45.60.

Wall Street Analysts Forecast Growth

Separately, BTIG Research initiated coverage on shares of Imperial Tobacco Group in a research note on Wednesday, July 22nd. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

About Imperial Tobacco Group

Imperial Tobacco Group plc, now known as Imperial Brands plc, is a United Kingdom-based international tobacco and nicotine company. Its portfolio includes cigarettes, fine-cut tobacco, cigars, rolling papers and other traditional tobacco products, as well as newer products such as vaping devices, heated tobacco and nicotine pouches.

The company’s brands include JPS, West, Gauloises, Davidoff, Golden Virginia, Rizla, Backwoods, Kool and Lambert & Butler, although brand availability varies by market.