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Tate & Lyle PLC (OTCMKTS:TATYY) Sees Significant Decrease in Short Interest

Tate & Lyle logo with Consumer Staples background

Key Points

  • Tate & Lyle PLC experienced a remarkable decrease in short interest, falling by 98.6% in September, with only 100 shares reported as short interest as of September 15th.
  • The stock price of Tate & Lyle increased by 3.1%, closing at $24.68 with a trading volume of 1,748 shares.
  • Equity analysts have mixed ratings for Tate & Lyle, with two analysts giving it a Strong Buy, and others rating it as Hold or Sell, leading to a consensus rating of Moderate Buy.
  • Interested in Tate & Lyle? Here are five stocks we like better.

Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 100 shares, a decrease of 98.6% from the August 31st total of 7,400 shares. Based on an average daily volume of 16,400 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 16,400 shares, the short-interest ratio is currently 0.0 days.

Tate & Lyle Stock Up 3.1%

OTCMKTS TATYY traded up $0.74 on Tuesday, hitting $24.68. 1,748 shares of the company were exchanged, compared to its average volume of 4,373. The firm has a 50 day moving average of $28.45 and a two-hundred day moving average of $28.90. The company has a quick ratio of 1.21, a current ratio of 2.16 and a debt-to-equity ratio of 0.72. Tate & Lyle has a 1-year low of $23.94 and a 1-year high of $44.76.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TATYY shares. Morgan Stanley lowered shares of Tate & Lyle to an "underweight" rating in a research report on Monday, September 22nd. UBS Group raised shares of Tate & Lyle to a "hold" rating in a research report on Tuesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Tate & Lyle currently has a consensus rating of "Moderate Buy".

Get Our Latest Report on Tate & Lyle

Tate & Lyle Company Profile

(Get Free Report)

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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