Short Interest in British American Tobacco p.l.c. (NYSE:BTI) Increases By 6.1%

British American Tobacco p.l.c. (NYSE:BTI) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 5,940,000 shares, a growth of 6.1% from the November 15th total of 5,600,000 shares. Based on an average trading volume of 4,550,000 shares, the short-interest ratio is currently 1.3 days. Currently, 0.3% of the shares of the stock are short sold.

British American Tobacco Stock Down 0.9 %

NYSE BTI traded down $0.34 on Tuesday, reaching $37.31. 3,852,440 shares of the stock traded hands, compared to its average volume of 4,712,658. British American Tobacco has a 12 month low of $28.25 and a 12 month high of $39.54. The company has a market cap of $77.58 billion, a price-to-earnings ratio of 7.79 and a beta of 0.53. The company has a fifty day moving average price of $36.17 and a 200-day moving average price of $35.23. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

Hedge Funds Weigh In On British American Tobacco

Several institutional investors have recently bought and sold shares of BTI. Addison Advisors LLC increased its holdings in shares of British American Tobacco by 79.9% in the 2nd quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock valued at $38,000 after acquiring an additional 545 shares during the period. Creative Financial Designs Inc. ADV boosted its position in British American Tobacco by 153.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after purchasing an additional 753 shares in the last quarter. Continuum Advisory LLC raised its holdings in British American Tobacco by 122.8% in the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after purchasing an additional 748 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position in shares of British American Tobacco by 320.9% during the third quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock valued at $65,000 after buying an additional 1,351 shares during the last quarter. Finally, City State Bank grew its position in shares of British American Tobacco by 26.6% in the 3rd quarter. City State Bank now owns 1,905 shares of the company’s stock worth $70,000 after buying an additional 400 shares during the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a research report on Thursday, October 3rd.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.