Tate & Lyle plc (OTCMKTS:TATYY) Short Interest Up 450.0% in May

Tate & Lyle plc (OTCMKTS:TATYY - Get Free Report) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 1,100 shares, a growth of 450.0% from the May 15th total of 200 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 3,200 shares, the short-interest ratio is currently 0.3 days.

Tate & Lyle Price Performance

TATYY stock traded down $0.64 during trading on Thursday, reaching $30.11. The company had a trading volume of 12,573 shares, compared to its average volume of 4,044. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.38 and a quick ratio of 2.46. The business has a 50 day moving average of $29.67 and a 200 day moving average of $30.80. Tate & Lyle has a 52 week low of $24.61 and a 52 week high of $44.76.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays upgraded shares of Tate & Lyle from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Berenberg Bank cut shares of Tate & Lyle from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Citigroup upgraded shares of Tate & Lyle from a "hold" rating to a "strong-buy" rating in a report on Friday, May 16th.

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.