Tate & Lyle PLC (OTCMKTS:TATYY) Sees Significant Decrease in Short Interest

Tate & Lyle PLC (OTCMKTS:TATYYGet Free Report) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 5 shares, a decline of 97.3% from the June 30th total of 187 shares. Based on an average daily trading volume, of 1,920 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Tate & Lyle Stock Performance

OTCMKTS TATYY remained flat at $30.13 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.71 and a debt-to-equity ratio of 0.80. The stock has a fifty day simple moving average of $29.08 and a 200-day simple moving average of $23.25. Tate & Lyle has a 1-year low of $17.64 and a 1-year high of $30.50.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft downgraded Tate & Lyle from a “buy” rating to a “hold” rating in a report on Friday, June 26th. BNP Paribas Exane lowered shares of Tate & Lyle to a “neutral” rating in a research report on Tuesday, June 9th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

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About Tate & Lyle

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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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