Short Interest in Tate & Lyle plc (OTCMKTS:TATYY) Rises By 60.0%

Tate & Lyle plc (OTCMKTS:TATYY) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,600 shares, a growth of 60.0% from the February 13th total of 1,000 shares. Based on an average trading volume of 3,900 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Tate & Lyle Trading Up 3.7 %

TATYY opened at $27.22 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.46 and a current ratio of 3.38. Tate & Lyle has a 12 month low of $26.25 and a 12 month high of $44.76. The company has a fifty day simple moving average of $30.38 and a 200 day simple moving average of $34.57.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut shares of Tate & Lyle from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 19th.

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.