Tate & Lyle PLC (OTCMKTS:TATYY) Short Interest Down 53.8% in July

Key Points

• Tate & Lyle PLC's short interest decreased by 53.8% in July, with only 1,200 shares sold short as of July 31st.
• The company announced a dividend of $0.6696 per share, significantly increasing from the previous dividend of $0.33, reflecting a dividend yield of 319.0%.
• Analyst ratings have improved, with Citigroup and Barclays both upgrading Tate & Lyle to a "strong-buy" rating.

Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 1,200 shares, adeclineof53.8% from the July 15th total of 2,600 shares. Based on an average daily trading volume, of 1,700 shares, the short-interest ratio is presently 0.7 days. Currently,0.0% of the company's stock are sold short. Currently,0.0% of the company's stock are sold short. Based on an average daily trading volume, of 1,700 shares, the short-interest ratio is presently 0.7 days.

Tate & Lyle Trading Down 0.8%

TATYY opened at $28.98 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 2.16. The company's 50-day moving average is $29.29 and its 200 day moving average is $29.21. Tate & Lyle has a fifty-two week low of $24.61 and a fifty-two week high of $44.76.

Tate & Lyle Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, August 6th. Stockholders of record on Monday, June 23rd were given a dividend of $0.6696 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a dividend yield of 319.0%. This is an increase from Tate & Lyle's previous dividend of $0.33.

Analyst Upgrades and Downgrades

TATYY has been the topic of several recent research reports. Citigroup upgraded Tate & Lyle from a "hold" rating to a "strong-buy" rating in a report on Friday, May 16th. Barclays raised Tate & Lyle from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, UBS Group raised shares of Tate & Lyle to a "hold" rating in a research report on Tuesday, June 24th.

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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