Tate & Lyle PLC (OTCMKTS:TATYY) Sees Significant Increase in Short Interest

Tate & Lyle PLC (OTCMKTS:TATYY) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 180 shares, an increase of 3,500.0% from the July 15th total of 5 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 355 shares, the days-to-cover ratio is presently 0.5 days.

Tate & Lyle Trading Up 0.1%

Shares of OTCMKTS:TATYY traded up $0.02 during midday trading on Tuesday, hitting $29.94. 800 shares of the stock traded hands, compared to its average volume of 2,251. The business’s 50 day moving average is $29.60 and its two-hundred day moving average is $24.03. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.55 and a current ratio of 2.71. Tate & Lyle has a one year low of $17.64 and a one year high of $30.50.

Analyst Ratings Changes

Several analysts have weighed in on the company. BNP Paribas Exane downgraded Tate & Lyle to a “neutral” rating in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft cut shares of Tate & Lyle from a “buy” rating to a “hold” rating in a report on Friday, June 26th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tate & Lyle currently has an average rating of “Reduce”.

About Tate & Lyle

Tate & Lyle (OTCMKTS:TATYY) is a global provider of food and beverage ingredients, specializing in sweeteners, texturants and stabilizers. The company develops and supplies a diverse portfolio of products designed to enhance taste, texture and nutritional value for food and beverage manufacturers. Key offerings include high-intensity sweeteners, soluble and insoluble fibers, specialty starches and acidulants.

Operating through two main business units—Food & Beverage Solutions and Primary Products—Tate & Lyle serves a wide range of end markets.