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

Key Points

• Tate & Lyle PLC experienced a significant increase in short interest of 2,400.0% in September, bringing total short interest to 2,500 shares.
• Analyst ratings for the stock are mixed, with one analyst giving a Strong Buy, three issuing a Hold, and one assigning a Sell rating.
• As of mid-day trading, Tate & Lyle shares increased by $0.10 to $20.30, compared to a 1-year range between $19.71 and $41.70.

Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 2,500 shares, an increase of 2,400.0% from the September 15th total of 100 shares. Based on an average daily volume of 2,600 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 2,600 shares, the short-interest ratio is presently 1.0 days.

Analyst Ratings Changes

Several equities research analysts have weighed in on TATYY shares. UBS Group raised shares of Tate & Lyle to a "hold" rating in a research note on Tuesday, June 24th. Morgan Stanley downgraded shares of Tate & Lyle to an "underweight" rating in a research note on Monday, September 22nd. Finally, Barclays downgraded shares of Tate & Lyle from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold".

Tate & Lyle Stock Performance

Shares of OTCMKTS TATYY traded up $0.10 during mid-day trading on Thursday, reaching $20.30. 5,082 shares of the company's stock traded hands, compared to its average volume of 4,462. The business has a 50-day simple moving average of $26.43 and a 200 day simple moving average of $28.32. Tate & Lyle has a 1-year low of $19.71 and a 1-year high of $41.70. 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 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.

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