Short Interest in British American Tobacco PLC Expands By 24.3%

Source from:  Dakota Finance News 11/11/2015

British American Tobacco PLC (NYSE:BTI) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totalling 164,997 shares, a growth of 24.3% from the October 15th total of 132,766 shares, Market Beat.com reports. Based on an average daily volume of 195,369 shares, the days-to-cover ratio is presently 0.8 days.

Shares of British American Tobacco PLC (NYSE:BTI) traded up 0.04% during trading on Tuesday, hitting $113.98. The stock had a trading volume of 124,859 shares. The stock's 50 day moving average is $114.62 and its 200 day moving average is $111.92. The stock has a market capitalization of $105.89 billion and a price-to-earnings ratio of 17.39. British American Tobacco PLC has a 52 week low of $102.14 and a 52 week high of $119.91.

A number of research analysts recently commented on BTI shares. Cowen and Company started coverage on British American Tobacco PLC in a research report on Tuesday, August 25th. They set a "market perform" rating on the stock. Zacks cut British American Tobacco PLC from a "hold" rating to a "sell" rating in a research report on Wednesday, October 21st. Finally, Bank of America initiated coverage on British American Tobacco PLC in a research report on Tuesday, August 4th. They set a "buy" rating on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. The stock presently has an average rating of "Buy".

British American Tobacco PLC is a worldwide tobacco company with brands sold in more than 200 markets. The Company's four main brands include Dunhill, Kent Lucky Strike and Pall Mall. The Company has many other international and local brands , including State Express 555, Vogue, Viceroy, Kool, Peter Stuyvesant, Shuang Xi, Craven A, Benson & Hedges and John Player Gold Leaf. The Company's products include cigarettes, Fine Cut (NYSE:BTI) and cigars. As of December 31, 2014, the Company has 44 cigarette factories in 41 states. The organization is also investing in building a portfolio of nicotine and new tobacco -based products alongside its traditional tobacco business. The business 's products include medicinal nicotine products, e-cigarettes and tobacco heating products. Enditem