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

Diageo plc (OTCMKTS:DGEAF) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 1,464,800 shares, a drop of 6.2% from the January 15th total of 1,562,400 shares. Based on an average trading volume of 5,600 shares, the short-interest ratio is currently 261.6 days.

Diageo Stock Performance

Shares of OTCMKTS DGEAF traded down $0.48 during trading hours on Tuesday, hitting $26.82. 1,827 shares of the stock were exchanged, compared to its average volume of 4,322. The company’s fifty day simple moving average is $30.11 and its two-hundred day simple moving average is $31.18. Diageo has a 1-year low of $26.31 and a 1-year high of $38.17.

About Diageo

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.