From MarketBeat:

British American Tobacco p.l.c. (NYSE:BTI) saw a large increase in short interest during the month of December, with 3,830,000 shares shorted, marking a 46.7% increase from November 30th.

Several analysts at different firms have changed their rating on British American Tobacco stock, with a majority rating the stock as “Moderate Buy”. This includes upgrades from StockNews.com, Morgan Stanley, and Citigroup.

British American Tobacco’s stock has fluctuated between a 12-month low of $28.35 and a high of $40.75 and a trading volume of 3,690,600 shares, compared to an average volume of 4,099,081.

Institutional investors have made significant changes to their positions with British American Tobacco, with CoreFirst Bank & Trust, VisionPoint Advisory Group LLC, and Citigroup Inc. all increasing their holdings.

British American Tobacco p.l.c. engages in the provision of a wide variety of tobacco and nicotine products to consumers worldwide under various brand names. The company offers vapor, tobacco heating, and oral nicotine products, as well as combustible cigarettes and traditional oral products like snus and moist snuff.



Read more: British American Tobacco p.l.c. (NYSE:BTI) Short Interest Update