British American Tobacco PLC (NYSE:BTI) was the target of a significant growth in short interest during the month of July. As of July 14th, there was short interest totalling 57,515,492 shares, a growth of 5.1% from the June 30th total of 54,732,209 shares. Based on an average daily trading volume, of 1,967,449 shares, the short-interest ratio is currently 29.2 days.
Large investors have recently made changes to their positions in the company. Sit Investment Associates Inc. increased its stake in shares of British American Tobacco PLC by 1.3% in the second quarter. Sit Investment Associates Inc. now owns 15,694 shares of the company’s stock worth $1,076,000 after buying an additional 194 shares in the last quarter. Hays Advisory LLC increased its stake in shares of British American Tobacco PLC by 5.1% in the second quarter. Hays Advisory LLC now owns 4,129 shares of the company’s stock worth $283,000 after buying an additional 199 shares in the last quarter. Naples Global Advisors LLC increased its stake in shares of British American Tobacco PLC by 2.4% in the second quarter. Naples Global Advisors LLC now owns 12,560 shares of the company’s stock worth $861,000 after buying an additional 300 shares in the last quarter. Bollard Group LLC increased its stake in shares of British American Tobacco PLC by 1.3% in the second quarter. Bollard Group LLC now owns 26,438 shares of the company’s stock worth $1,812,000 after buying an additional 338 shares in the last quarter. Finally, Atria Investments LLC increased its stake in shares of British American Tobacco PLC by 17.1% in the second quarter. Atria Investments LLC now owns 4,067 shares of the company’s stock worth $279,000 after buying an additional 593 shares in the last quarter.
Shares of British American Tobacco PLC (NYSE:BTI) traded down 0.06% during trading on Tuesday, reaching $69.21. 104,557,135 shares of the company traded hands. The firm has a market capitalization of $128.68 billion and a price-to-earnings ratio of 21.18. The company has a 50 day moving average price of $69.73 and a 200 day moving average price of $77.61. British American Tobacco PLC has a 12-month low of $52.71 and a 12-month high of $73.41.
BTI has been the topic of a number of analyst reports. Zacks Investment Research raised shares of British American Tobacco PLC from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Friday, April 21st. Bank of America Corporation set a $79.00 price objective on shares of British American Tobacco PLC and gave the stock a “buy” rating in a research note on Thursday, July 6th. Piper Jaffray Companies began coverage on shares of British American Tobacco PLC in a research note on Thursday, May 25th. They set an “overweight” rating and a $59.00 price objective on the stock. Finally, Exane BNP Paribas raised shares of British American Tobacco PLC to an “outperform” rating in a research note on Thursday, April 6th.
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British American Tobacco PLC 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).
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