Tate & Lyle PLC (OTCMKTS:TATYY) Short Interest Update

Key Points

• Tate & Lyle PLC experienced a significant increase in short interest, rising by 33.3% from July to August, with a total of 1,600 shares shorted as of August 15th.
• The company recently increased its dividend to $0.6696 per share, up from the previous $0.33, and the new dividend represents an impressive yield of 319.0%.
• Analysts have upgraded Tate & Lyle shares, with Citigroup raising its rating from "hold" to "strong-buy", and the overall average rating now stands at "Buy".

Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 1,600 shares, a growth of 33.3% from the July 31st total of 1,200 shares. Based on an average trading volume of 12,400 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 12,400 shares, the short-interest ratio is currently 0.1 days.

Tate & Lyle Price Performance

Shares of OTCMKTS TATYY traded up $0.12 during mid-day trading on Friday, hitting $28.48. 258 shares of the company traded hands, compared to its average volume of 8,265. The company has a current ratio of 2.16, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Tate & Lyle has a 1 year low of $24.61 and a 1 year high of $44.76. The business has a 50 day moving average of $29.02 and a two-hundred day moving average of $28.95.

Tate & Lyle Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, August 6th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.6696 per share. This is an increase 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.

Wall Street Analyst Weigh In

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

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.