Tate & Lyle plc (OTCMKTS:TATYY) Sees Large Decrease in Short Interest

Tate & Lyle plc (OTCMKTS:TATYY) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 1,000 shares, a decline of 37.5% from the February 28th total of 1,600 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,600 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Ratings Changes

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

Tate & Lyle Stock Performance

Shares of OTCMKTS TATYY opened at $27.31 on Friday. The company has a quick ratio of 2.46, a current ratio of 3.38 and a debt-to-equity ratio of 0.45. Tate & Lyle has a 12-month low of $26.25 and a 12-month high of $44.76. The stock’s fifty day simple moving average is $29.57 and its two-hundred day simple moving average is $34.02.

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.