British American Tobacco Plc Adr (NYSE:BTI) Shorts Decreased by 36.33% After Short Covering

September 17, 2017 - By Migdalia James

 British American Tobacco Plc Adr (NYSE:BTI) Shorts Decreased by 36.33% After Short Covering

The stock of British American Tobacco Plc Adr (NYSE:BTI) registered a decrease of 36.33% in short interest. BTI’s total short interest was 3.18 million shares in September as published by FINRA. Its down 36.33% from 4.99M shares, reported previously. With 3.02 million shares average volume, it will take short sellers 1 days to cover their BTI’s short positions.

The stock increased 1.59% or $1 on September 15, reaching $63.99. About 3.91 million shares traded or 19.21% up from the average. British American Tobacco PLC (ADR) (NYSE:BTI) has risen 17.78% since September 17, 2016 and is uptrending. It has outperformed by 1.08% the S&P500.

British American Tobacco p.l.c. is a tobacco and next generation products company. The company has market cap of $145.65 billion. The Company’s tobacco product range includes cigarettes, fine cut and Swedish-style snus. It has a 20.72 P/E ratio. The Company’s divisions include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

More notable recent British American Tobacco PLC (ADR) (NYSE:BTI) news were published by: Benzinga.com which released: “Is Reynolds Just Flirting With British American Tobacco? Takeover Rejection …” on November 15, 2016, also Benzinga.com with their article: “A Look At British American Tobacco’s Offer To Buy Reynolds American” published on October 21, 2016, Benzinga.com published: “British American’s Acquisition Of Reynolds Makes It Jefferies’ Preferred …” on January 17, 2017. More interesting news about British American Tobacco PLC (ADR) (NYSE:BTI) were released by: Seekingalpha.com and their article: “Will Japan Tobacco Bid For Imperial Brands After British American Tobacco’s …” published on November 02, 2016 as well as Marketwatch.com‘s news article titled: “British American Tobacco profit jumps on FX effect” with publication date: July 27, 2017.

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