Short Interest in Tate & Lyle PLC (OTCMKTS:TATYY) Decreases By 97.3%

Tate & Lyle PLC (OTCMKTS:TATYY) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 5 shares, a drop of 97.3% from the June 30th total of 187 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,920 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

Tate & Lyle Price Performance

Shares of OTCMKTS:TATYY opened at $30.13 on Friday. Tate & Lyle has a 52 week low of $17.64 and a 52 week high of $30.50. The firm has a fifty day simple moving average of $29.08 and a two-hundred day simple moving average of $23.25. 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 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.