Tate & Lyle PLC (OTCMKTS:TATYY) Short Interest Up 362.5% in August

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 large growth in short interest in 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. Approximately 0.0% of the company's shares are short sold. Based on an average trading volume of 17,300 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 17,300 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company's shares are short sold.

Tate & Lyle Price Performance

OTCMKTS TATYY traded up $0.62 during mid-day trading on Wednesday, hitting $28.00. The company's stock had a trading volume of 2,019 shares, compared to its average volume of 4,566. The company's 50 day simple moving average is $28.94 and its 200 day simple moving average is $28.95. Tate & Lyle has a twelve month low of $24.61 and a twelve month high of $44.76. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 2.16.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of Tate & Lyle to a "hold" rating in a research note on Tuesday, June 24th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Tate & Lyle currently has a consensus rating of "Buy".

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.