Diageo plc (OTCMKTS:DGEAF) Sees Large Growth in Short Interest

Diageo plc (OTCMKTS:DGEAF) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 886,300 shares, a growth of 102.4% from the November 30th total of 437,900 shares. Based on an average trading volume of 20,500 shares, the days-to-cover ratio is currently 43.2 days.

Diageo Stock Performance

Shares of DGEAF stock traded up $0.02 on Friday, hitting $31.82. 1,035 shares of the stock traded hands, compared to its average volume of 4,480. The company’s fifty day moving average is $30.71 and its 200 day moving average is $31.83. Diageo has a 1-year low of $28.77 and a 1-year high of $38.17.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.