British American Tobacco PLC (NYSE:BTI) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 4,326,244 shares, an increase of 1,658.3% from the October 14th total of 246,047 shares. Based on an average daily trading volume, of 2,162,107 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.5% of the company’s stock are sold short.

British American Tobacco PLC (NYSE:BTI) opened at 108.24 on Friday. British American Tobacco PLC has a 12 month low of $99.81 and a 12 month high of $131.34. The firm has a market capitalization of $100.55 billion and a P/E ratio of 18.74. The stock’s 50 day moving average price is $118.38 and its 200 day moving average price is $122.97.

Several brokerages recently weighed in on BTI. Societe Generale raised British American Tobacco PLC from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Investec upgraded British American Tobacco PLC from a “hold” rating to a “buy” rating in a research note on Thursday, September 8th. Zacks Investment Research downgraded British American Tobacco PLC from a “hold” rating to a “sell” rating in a research note on Friday, September 23rd. Morgan Stanley upgraded British American Tobacco PLC from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, November 2nd. Finally, Goldman Sachs Group Inc. restated a “buy” rating on shares of British American Tobacco PLC in a research note on Monday, October 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. British American Tobacco PLC presently has an average rating of “Hold” and an average target price of $139.00.

A number of large investors have recently added to or reduced their stakes in BTI. Smithfield Trust Co. boosted its stake in British American Tobacco PLC by 1.0% in the second quarter. Smithfield Trust Co. now owns 1,043 shares of the company’s stock worth $135,000 after buying an additional 10 shares during the period. National Planning Corp boosted its stake in British American Tobacco PLC by 0.8% in the second quarter. National Planning Corp now owns 2,609 shares of the company’s stock worth $335,000 after buying an additional 21 shares during the period. Hsbc Holdings PLC boosted its stake in British American Tobacco PLC by 0.6% in the second quarter. Hsbc Holdings PLC now owns 4,088 shares of the company’s stock worth $529,000 after buying an additional 25 shares during the period. MSI Financial Services Inc boosted its stake in British American Tobacco PLC by 0.5% in the third quarter. MSI Financial Services Inc now owns 5,062 shares of the company’s stock worth $646,000 after buying an additional 26 shares during the period. Finally, Kanaly Trust Co boosted its stake in British American Tobacco PLC by 2.0% in the third quarter. Kanaly Trust Co now owns 1,495 shares of the company’s stock worth $191,000 after buying an additional 29 shares during the period.

British American Tobacco PLC Company Profile

British American Tobacco p.l.c. is a tobacco company. The Company is engaged in manufacturing and marketing cigarettes and other tobacco products. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA). The Company’s brands include Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans.

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