Imperial Tobacco Group PLC (OTCMKTS:IMBBY – Get Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 179,755 shares, an increase of 306.2% from the June 30th total of 44,255 shares. Based on an average daily trading volume, of 373,368 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are short sold.
Analysts Set New Price Targets
A number of analysts recently commented on IMBBY shares. UBS Group downgraded Imperial Tobacco Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. BTIG Research initiated coverage on shares of Imperial Tobacco Group in a report on Wednesday. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.
View Our Latest Analysis on Imperial Tobacco Group
Imperial Tobacco Group Trading Up 0.4%
About Imperial Tobacco Group
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.
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