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

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 large growth in short interest during the month of August. As of August 15th, there was short interest totaling 1,600 shares, agrowthof33.3% from the July 31st total of 1,200 shares. Based on an average daily volume of 12,400 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 12,400 shares, the short-interest ratio is currently 0.1 days.

Tate & Lyle Trading Up 0.9%

Shares of Tate & Lyle stock opened at $28.36 on Tuesday. Tate & Lyle has a twelve month low of $24.61 and a twelve month high of $44.76. The company has a current ratio of 2.16, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The company has a 50-day simple moving average of $29.12 and a two-hundred day simple moving average of $28.96.

Tate & Lyle Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, August 6th. Shareholders of record on Monday, June 23rd were paid a dividend of $0.6696 per share. The ex-dividend date was Friday, June 20th. This is a positive change from Tate & Lyle's previous dividend of $0.33. This represents a yield of 319.0%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TATYY shares. UBS Group upgraded shares of Tate & Lyle to a "hold" rating in a research note on Tuesday, June 24th. Citigroup upgraded shares of Tate & Lyle from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average 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.

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