Tate & Lyle PLC (OTCMKTS:TATYY – Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 180 shares, an increase of 3,500.0% from the July 15th total of 5 shares. Based on an average daily trading volume, of 355 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.
Tate & Lyle Stock Up 0.1%
OTCMKTS:TATYY opened at $29.94 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.55 and a current ratio of 2.71. Tate & Lyle has a 12 month low of $17.64 and a 12 month high of $30.50. The company’s 50-day moving average price is $29.67 and its two-hundred day moving average price is $24.10.
Analyst Ratings Changes
Several analysts recently commented on the company. BNP Paribas Exane lowered Tate & Lyle to a “neutral” rating in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft lowered Tate & Lyle from a “buy” rating to a “hold” rating in a research note on Friday, June 26th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Tate & Lyle has an average rating of “Reduce”.
Tate & Lyle Company Profile
Tate & Lyle (OTCMKTS:TATYY) is a global provider of food and beverage ingredients, specializing in sweeteners, texturants and stabilizers. The company develops and supplies a diverse portfolio of products designed to enhance taste, texture and nutritional value for food and beverage manufacturers. Key offerings include high-intensity sweeteners, soluble and insoluble fibers, specialty starches and acidulants.
Operating through two main business units—Food & Beverage Solutions and Primary Products—Tate & Lyle serves a wide range of end markets.
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