British American Tobacco p.l.c. (NYSE:BTI) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 14,505,275 shares, a drop of 74.8% from the July 14th total of 57,515,492 shares. Based on an average daily volume of 22,851,073 shares, the short-interest ratio is presently 0.6 days.

Large investors have recently added to or reduced their stakes in the stock. FTB Advisors Inc. increased its stake in British American Tobacco p.l.c. by 10.7% in the second quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock worth $117,000 after buying an additional 174 shares during the last quarter. Grove Bank & Trust increased its stake in British American Tobacco p.l.c. by 50.2% in the second quarter. Grove Bank & Trust now owns 2,058 shares of the company’s stock worth $141,000 after buying an additional 688 shares during the last quarter. Parallel Advisors LLC increased its stake in British American Tobacco p.l.c. by 439.0% in the second quarter. Parallel Advisors LLC now owns 2,517 shares of the company’s stock worth $157,000 after buying an additional 2,050 shares during the last quarter. Quantbot Technologies LP acquired a new stake in British American Tobacco p.l.c. during the second quarter worth about $170,000. Finally, Huntington National Bank increased its stake in British American Tobacco p.l.c. by 41.1% in the second quarter. Huntington National Bank now owns 2,706 shares of the company’s stock worth $185,000 after buying an additional 788 shares during the last quarter. 4.46% of the stock is currently owned by institutional investors.

British American Tobacco p.l.c. (BTI) opened at 62.81 on Tuesday. The company’s 50 day moving average is $67.12 and its 200 day moving average is $72.30. The company has a market cap of $116.70 billion, a price-to-earnings ratio of 20.93 and a beta of 1.02. British American Tobacco p.l.c. has a 12-month low of $52.71 and a 12-month high of $73.41.

The firm also recently declared a None dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, August 18th will be paid a dividend of $0.728 per share. This represents a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, August 16th.

Several equities analysts recently commented on the stock. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of British American Tobacco p.l.c. in a report on Wednesday, August 9th. UBS AG reaffirmed a “buy” rating on shares of British American Tobacco p.l.c. in a report on Tuesday, August 1st. Investec raised shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of British American Tobacco p.l.c. in a report on Friday. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of British American Tobacco p.l.c. in a report on Monday, July 31st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. British American Tobacco p.l.c. presently has an average rating of “Buy” and an average target price of $71.00.

ILLEGAL ACTIVITY NOTICE: “British American Tobacco p.l.c. (BTI) Short Interest Update” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/british-american-tobacco-p-l-c-bti-short-interest-update/1488473.html.

British American Tobacco p.l.c. Company Profile

British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

Receive News & Ratings for British American Tobacco p.l.c. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco p.l.c. and related companies with Analyst Ratings Network's FREE daily email newsletter.