Imperial Tobacco Group PLC (OTCMKTS:IMBBY) Sees Large Increase in Short Interest

Imperial Tobacco Group PLC (OTCMKTS:IMBBY) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 117,700 shares, agrowthof191.3% from the July 31st total of 40,400 shares. Based on an average daily trading volume, of 161,700 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 161,700 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Imperial Tobacco Group in a report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Imperial Tobacco Group Stock Up 1.2%

Imperial Tobacco Group stock opened at $42.26 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.68 and a quick ratio of 0.30. The firm has a 50-day moving average price of $40.33 and a two-hundred day moving average price of $38.63. Imperial Tobacco Group has a 52-week low of $27.66 and a 52-week high of $42.53.

Imperial Tobacco Group Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Monday, August 25th will be paid a dividend of $0.5294 per share. This represents a yield of 582.0%. The ex-dividend date of this dividend is Friday, August 22nd. This is a positive change from Imperial Tobacco Group’s previous dividend of $0.50.

Imperial Tobacco Group Company Profile

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.