Tate & Lyle plc (OTCMKTS:TATYY) Short Interest Update

Tate & Lyle plc (OTCMKTS:TATYY) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 1,000 shares, a decrease of 28.6% from the January 31st total of 1,400 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Berenberg Bank downgraded shares of Tate & Lyle from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th.

Tate & Lyle Price Performance

Shares of Tate & Lyle stock opened at $27.14 on Tuesday. The business has a 50-day simple moving average of $31.57 and a 200 day simple moving average of $35.10. Tate & Lyle has a one year low of $27.14 and a one year high of $44.76. The company has a quick ratio of 2.46, a current ratio of 3.38 and a debt-to-equity ratio of 0.45.

About Tate & Lyle

Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products.