Are Investors Interested In Selling Their Holdings Of British American Tobacco Plc ADR (NYSE: BTI)?

British American Tobacco Plc ADR (NYSE:BTI) traded at $29.60 at close of the session on Friday, April 05, made a downward move of -0.24% on its previous day’s price.

Looking at the stock we see that its previous close was $29.67 and the beta (5Y monthly) reads 0.24 . In terms of its 52-week price range, BTI has a high of $37.65 and a low of $28.35. The company’s stock has gained about 0.17% over that past 30 days.

British American Tobacco Plc ADR has a market cap of $65.97 billion. With its Forward Dividend at 2.92 and a yield of 9.88%, the company’s investors could be anxious for the BTI stock to gain ahead of the earnings release.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the BTI stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note the current price level is -2.28% off its SMA20 and -1.83% from its 50-day simple moving average. The RSI (14) is pointing at 41.30 while the volatility over the past week is 1.05% and jumps to 1.25% over the past one month. The beta value is 0.54, while the average true range (ATR) is currently pointing at 0.42.

Coming back to British American Tobacco Plc ADR (NYSE:BTI), we note that the average 3-month trading volume was 4.87 million, while that of the preceding 10-day period stands at 4.2 million. Current shares outstanding are 2.23 billion.

The insiders hold 0.00% of the company’s shares while institutions hold 6.15%. The data shows that short shares as of Mar 15, 2024, stood at 5.21 million at a short ratio of 1.23. This represents a 0.23% short interest in shares outstanding on Mar 15, 2024. Shares short fall in March from the previous month at 5.49 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 1.06% up in year-to-date price movement.

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