Short Interest in Imperial Brands PLC (OTCMKTS:IMBBY) Declines By 29.6%

Imperial Brands PLC (OTCMKTS:IMBBY) experienced a notable decrease in short interest during March. As of March 15th, the total short interest was 98,200 shares, marking a decline of 29.6% from the previous total of 139,500 shares reported on February 28th. Currently, only 0.0% of the company’s shares are sold short. Given an average daily trading volume of 408,300 shares, the days-to-cover ratio is 0.2 days, indicating the time it would take to buy back all shorted shares at the average trading rate.

Imperial Brands Price Movement

During mid-day trading on Friday, Imperial Brands' stock rose by $0.67 to reach a price of $36.58. A total of 124,956 shares traded hands, which is higher than its average volume of 245,110 shares. The company has reported a debt-to-equity ratio of 1.24, a quick ratio of 0.36, and a current ratio of 0.72. The fifty-day moving average price stands at $34.85 while the 200-day moving average price is $32.27. Over the past year, the stock has seen a low of $21.36 and a high of $36.61.

Recent Dividend Announcement

In addition to the changes in short interest, Imperial Brands recently announced a dividend. This dividend is set to be paid on Monday, April 7th. Shareholders who were on record as of Friday, February 21st, will receive a payment of $0.6779 per share. The ex-dividend date was also noted as February 21st.

About Imperial Brands

Imperial Brands PLC, along with its subsidiaries, engages in the production, import, marketing, and sale of tobacco and related products across various regions including Europe, the Americas, Africa, Asia, and Australasia. The company’s product line includes cigarettes, tobacco accessories, and vapor products, among others. Some of the well-known brands under Imperial Brands include JPS, Davidoff, Gauloises, West, and Winston.

Investment Insights

Before considering an investment in Imperial Brands, potential investors should take time to assess their options. Analysts on Wall Street have varying opinions, and while Imperial Brands has received a Strong Buy rating from some, other top analysts have recommended five different stocks as more favorable investment choices at this time.

For those looking to engage with the stock market wisely, it's advisable to research not just Imperial Brands but also the other stocks that are gaining attention from analysts.

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