Tate & Lyle plc (OTCMKTS:TATYY – Get Free Report) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,600 shares, an increase of 60.0% from the February 13th total of 1,000 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 3,900 shares, the days-to-cover ratio is presently 0.4 days.
Tate & Lyle Stock Performance
Shares of OTCMKTS:TATYY traded up $0.97 during midday trading on Friday, reaching $27.22. The company’s stock had a trading volume of 758 shares, compared to its average volume of 3,026. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.38 and a quick ratio of 2.46. Tate & Lyle has a 1 year low of $26.25 and a 1 year high of $44.76. The business has a 50 day moving average price of $30.38 and a 200 day moving average price of $34.58.
Analyst Ratings Changes
Separately, Berenberg Bank downgraded Tate & Lyle from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 19th.
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.
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