Tiger Brands Limited (OTCMKTS:TBLMY) Sees Large Drop in Short Interest

Tiger Brands Limited (OTCMKTS:TBLMY) was the recipient of a significant decline in short interest during the month of May. As of May 28th, there was short interest totalling 100 shares, a decline of 80.0% from the May 13th total of 500 shares. Based on an average daily volume of 200 shares, the short-interest ratio is currently 0.5 days.

Shares of OTCMKTS:TBLMY remained flat at $$16.34 on Friday. 86 shares of the company’s stock traded hands, compared to its average volume of 544. The company has a fifty day moving average of $15.07. Tiger Brands has a 12-month low of $9.35 and a 12-month high of $17.35.

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, July 15th. Investors of record on Friday, July 2nd will be given a $0.168 dividend. The ex-dividend date of this dividend is Thursday, July 1st.

Tiger Brands Company Profile

Tiger Brands Limited engages in the manufacture, marketing, and distribution of fast-moving consumer goods primarily in South Africa. The company offers baby care products under the Purity brand; bakeries under the Albany and Tinkies brands; and culinary fruit veg products under the Crosse & Blackwell, Benny, All Gold, Spray and Cook, Ice Cap, KOO, Colman's, Black Cat, Mrs H.S.

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