British American Tobacco p.l.c. (NYSE:BTI) Sees Significant Increase in Short Interest

British American Tobacco p.l.c. (NYSE:BTI) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 6,950,000 shares, an increase of 101.4% from the May 31st total of 3,450,000 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,410,000 shares, the days-to-cover ratio is currently 1.6 days.

British American Tobacco Trading Up 0.1 %

NYSE:BTI opened at $30.93 on Friday. British American Tobacco has a 52-week low of $28.25 and a 52-week high of $34.28. The stock has a fifty day moving average of $30.71 and a 200 day moving average of $30.17. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.91 and a quick ratio of 0.59.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Monday, May 6th.

Institutional Trading of British American Tobacco

Several institutional investors and hedge funds have recently modified their holdings of the business. Pathway Financial Advisers LLC purchased a new stake in British American Tobacco in the first quarter valued at approximately $46,000. Teachers Retirement System of The State of Kentucky raised its position in shares of British American Tobacco by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 167,920 shares of the company’s stock valued at $5,122,000 after buying an additional 29,000 shares in the last quarter. Cetera Advisors LLC lifted its holdings in shares of British American Tobacco by 154.9% during the 1st quarter. Cetera Advisors LLC now owns 52,420 shares of the company’s stock worth $1,599,000 after acquiring an additional 31,853 shares during the last quarter. Cetera Investment Advisers increased its stake in British American Tobacco by 249.7% in the first quarter. Cetera Investment Advisers now owns 208,465 shares of the company’s stock valued at $6,358,000 after acquiring an additional 148,858 shares during the last quarter. Finally, First City Capital Management Inc. raised its position in British American Tobacco by 5.5% during the first quarter. First City Capital Management Inc. now owns 11,590 shares of the company’s stock valued at $353,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Company Profile

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.