Short Interest in Tate & Lyle PLC (OTCMKTS:TATYY) Increases By 362.5%

Key Points

• Short interest for Tate & Lyle PLC surged by 362.5% in August, reaching a total of 7,400 shares as of August 31st, compared to 1,600 shares on August 15th.
• Citigroup and UBS Group recently upgraded Tate & Lyle shares, with Citigroup raising its rating to "strong-buy" and the company receiving an overall "Buy" rating from analysts.
• The company announced a significant dividend increase from $0.33 to $0.6696, resulting in a remarkable dividend yield of 319.0% for shareholders.

Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 7,400 shares, a growth of 362.5% from the August 15th total of 1,600 shares. Based on an average daily trading volume, of 17,300 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company's shares are short sold. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 17,300 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TATYY. Citigroup upgraded shares of Tate & Lyle from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 16th. UBS Group upgraded shares of Tate & Lyle to a "hold" rating in a research report on Tuesday, June 24th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Tate & Lyle presently has an average rating of "Buy".

Tate & Lyle Stock Performance

OTCMKTS:TATYY opened at $28.36 on Friday. Tate & Lyle has a one year low of $24.61 and a one year high of $44.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.16 and a quick ratio of 1.21. The company's 50-day simple moving average is $29.05 and its 200 day simple moving average is $28.95.

Tate & Lyle Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, August 6th. Stockholders of record on Monday, June 23rd were paid a $0.6696 dividend. This is a boost from Tate & Lyle's previous dividend of $0.33. This represents a dividend yield of 319.0%. The ex-dividend date was Friday, June 20th.

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.

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