Tate & Lyle plc (OTCMKTS:TATYY) Short Interest Down 28.6% in February

Tate & Lyle plc (OTCMKTS:TATYY) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 1,000 shares, a decline of 28.6% from the January 31st total of 1,400 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is presently 0.5 days.

Tate & Lyle Price Performance

Tate & Lyle stock traded down $0.11 during midday trading on Wednesday, reaching $27.04. The stock had a trading volume of 419 shares, compared to its average volume of 3,414. The firm’s fifty day simple moving average is $31.31 and its 200-day simple moving average is $35.01. The company has a quick ratio of 2.46, a current ratio of 3.38 and a debt-to-equity ratio of 0.45. Tate & Lyle has a 1-year low of $26.72 and a 1-year high of $44.76.

Analyst Ratings Changes

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

About Tate & Lyle

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.