Tate & Lyle PLC (OTCMKTS:TATYY) Short Interest Update

Tate & Lyle PLC (OTCMKTS:TATYY) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,500 shares, a growth of 2,400.0% from the September 15th total of 100 shares. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is presently 1.0 days.

Tate & Lyle Price Performance

Shares of Tate & Lyle stock opened at $20.35 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The business’s 50-day moving average price is $26.25 and its 200-day moving average price is $28.27. Tate & Lyle has a 12 month low of $19.71 and a 12 month high of $41.70.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TATYY. Barclays lowered Tate & Lyle from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Morgan Stanley lowered Tate & Lyle to an “underweight” rating in a research note on Monday, September 22nd. Finally, UBS Group upgraded Tate & Lyle to a “hold” rating in a research note on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Tate & Lyle has a consensus rating of “Hold”.

Tate & Lyle Company Profile

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.