Tate & Lyle plc (OTCMKTS:TATYY - Get Free Report) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 200 shares, a decline of 97.6% from the April 30th total of 8,500 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 2,600 shares, the short-interest ratio is presently 0.1 days.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on TATYY shares. 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 downgraded Tate & Lyle from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Citigroup raised Tate & Lyle from a "hold" rating to a "strong-buy" rating in a report on Friday, May 16th.
View Our Latest Research Report on TATYY
Tate & Lyle Stock Performance
Shares of OTCMKTS TATYY traded down $0.20 during midday trading on Monday, reaching $30.25. 435 shares of the stock were exchanged, compared to its average volume of 3,577. 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 firm has a 50-day simple moving average of $29.10 and a two-hundred day simple moving average of $31.09. Tate & Lyle has a twelve month low of $24.61 and a twelve month high of $44.76.
Tate & Lyle Company Profile
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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.
Further Reading
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