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

Imperial Tobacco Group PLC (OTCMKTS:IMBBY) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 44,255 shares, a decrease of 81.9% from the June 15th total of 244,875 shares. Based on an average daily trading volume, of 342,422 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, UBS Group cut shares of Imperial Tobacco Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Imperial Tobacco Group Stock Down 0.6%

Shares of Imperial Tobacco Group stock traded down $0.21 during trading on Friday, hitting $36.54. 95,873 shares of the stock traded hands, compared to its average volume of 152,054. The company has a fifty day moving average price of $37.42 and a two-hundred day moving average price of $40.17. Imperial Tobacco Group has a twelve month low of $35.90 and a twelve month high of $45.60. The company has a quick ratio of 0.31, a current ratio of 0.70 and a debt-to-equity ratio of 1.88.

Imperial Tobacco Group Company Profile

Imperial Tobacco Group, historically established in the United Kingdom in 1901 and now operating under the Imperial Brands name, is a multinational tobacco and nicotine company headquartered in Bristol, England. The company’s core business is the manufacture, marketing and sale of tobacco products and alternative nicotine offerings to adult consumers. It supplies products through a combination of owned channels and third-party distributors and focuses on managing an international portfolio of consumer tobacco and nicotine brands.

Product categories include manufactured cigarettes, cigars and fine-cut tobacco for roll-your-own use, together with a growing range of next-generation nicotine products such as vaping devices, heated tobacco and non-combustible nicotine formats that reflect a strategic shift toward reduced-risk alternatives.