Short Interest in Diageo plc (NYSE:DEO) Expands By 5.1%

Diageo plc (NYSE:DEO) saw a significant growth in short interest in May. As of May 31st, there was short interest totalling 658,900 shares, a growth of 5.1% from the May 15th total of 626,800 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 645,000 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On Diageo

Several hedge funds have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado grew its position in shares of Diageo by 4,665.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 482,713 shares of the company’s stock valued at $70,312,000 after purchasing an additional 472,583 shares during the period. Private Advisor Group LLC grew its position in shares of Diageo by 3.3% in the fourth quarter. Private Advisor Group LLC now owns 14,621 shares of the company’s stock valued at $2,129,000 after purchasing an additional 470 shares during the period. Beacon Financial Group purchased a new stake in shares of Diageo in the fourth quarter valued at $296,000. Cerity Partners LLC grew its position in shares of Diageo by 6.1% in the fourth quarter. Cerity Partners LLC now owns 41,808 shares of the company’s stock valued at $6,090,000 after purchasing an additional 2,400 shares during the period. Finally, Retirement Planning Co of New England Inc. grew its position in shares of Diageo by 51.0% in the third quarter. Retirement Planning Co of New England Inc. now owns 8,723 shares of the company’s stock valued at $1,301,000 after purchasing an additional 2,946 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

Diageo stock opened at $129.39 on Thursday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65. The stock has a fifty day moving average of $137.53 and a two-hundred day moving average of $142.85. Diageo has a fifty-two week low of $129.11 and a fifty-two week high of $179.78.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.