Short Interest in Tate & Lyle plc (OTCMKTS:TATYY) Declines By 37.5%

Tate & Lyle plc (OTCMKTS:TATYY) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,000 shares, a drop of 37.5% from the February 28th total of 1,600 shares. Based on an average daily volume of 1,600 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are sold short.

Tate & Lyle Stock Up 1.1 %

TATYY traded up $0.31 on Monday, reaching $27.31. The stock had a trading volume of 333 shares, compared to its average volume of 3,565. The business’s 50-day moving average price is $29.57 and its two-hundred day moving average price is $34.00. Tate & Lyle has a 12-month low of $26.25 and a 12-month high of $44.76. The company has a quick ratio of 2.46, a current ratio of 3.38 and a debt-to-equity ratio of 0.45.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered Tate & Lyle from a “strong-buy” rating to a “hold” rating in a research note 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.