Tate & Lyle PLC (OTCMKTS:TATYY) Sees Large Drop in Short Interest

Tate & Lyle PLC (OTCMKTS:TATYYGet Free Report) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 168 shares, a drop of 94.8% from the April 30th total of 3,259 shares. Based on an average trading volume of 6,400 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Tate & Lyle Price Performance

Shares of OTCMKTS TATYY traded up $0.14 during mid-day trading on Friday, hitting $27.09. 14,233 shares of the stock traded hands, compared to its average volume of 2,228. The company has a current ratio of 2.19, a quick ratio of 1.24 and a debt-to-equity ratio of 0.73. Tate & Lyle has a twelve month low of $17.64 and a twelve month high of $31.60. The firm has a 50 day simple moving average of $21.03 and a two-hundred day simple moving average of $20.54.

Tate & Lyle Company Profile

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Tate & Lyle (OTCMKTS:TATYY) is a global provider of food and beverage ingredients, specializing in sweeteners, texturants and stabilizers. The company develops and supplies a diverse portfolio of products designed to enhance taste, texture and nutritional value for food and beverage manufacturers. Key offerings include high-intensity sweeteners, soluble and insoluble fibers, specialty starches and acidulants.

Operating through two main business units—Food & Beverage Solutions and Primary Products—Tate & Lyle serves a wide range of end markets.

Further Reading

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