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

Tate & Lyle PLC (OTCMKTS:TATYY) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 105 shares, a drop of 41.7% from the July 30th total of 180 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 822 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. BNP Paribas Exane downgraded shares of Tate & Lyle to a “neutral” rating in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft downgraded shares of Tate & Lyle from a “buy” rating to a “hold” rating in a report on Friday, June 26th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Tate & Lyle Stock Performance

Shares of TATYY stock opened at $30.02 on Tuesday. Tate & Lyle has a 52 week low of $17.64 and a 52 week high of $30.50. The firm has a 50 day moving average of $29.83 and a 200-day moving average of $24.99. The company has a quick ratio of 1.55, a current ratio of 2.71 and a debt-to-equity ratio of 0.80.

About Tate & Lyle

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.