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

Tate & Lyle PLC (OTCMKTS:TATYY) was the recipient of a significant drop in short interest during the month of 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. Based on an average trading volume of 822 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TATYY shares. BNP Paribas Exane downgraded Tate & Lyle to a “neutral” rating in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft cut Tate & Lyle from a “buy” rating to a “hold” rating in a report on Friday, June 26th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Tate & Lyle has an average rating of “Reduce”.

Tate & Lyle Stock Performance

Shares of TATYY stock remained flat at $30.02 during trading hours on Monday. 332 shares of the stock traded hands, compared to its average volume of 269. The business’s 50-day moving average price is $29.83 and its two-hundred day moving average price is $24.93. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.71 and a quick ratio of 1.55. Tate & Lyle has a 1-year low of $17.64 and a 1-year high of $30.50.

Tate & Lyle Company Profile

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.