Diageo plc (OTCMKTS:DGEAF) Sees Significant Decrease in Short Interest

Diageo plc (OTCMKTS:DGEAF) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 976,200 shares, a decline of 54.8% from the February 28th total of 2,159,500 shares. Based on an average daily trading volume, of 25,900 shares, the days-to-cover ratio is currently 37.7 days.

Diageo Price Performance

DGEAF traded up $0.96 during midday trading on Friday, hitting $26.85. 2,244 shares of the company traded hands, compared to its average volume of 6,539. The company’s 50-day moving average is $27.94 and its 200 day moving average is $30.29. Diageo has a 52 week low of $25.89 and a 52 week high of $36.95.

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.