Diageo plc (OTCMKTS:DGEAF) Sees Significant Growth in Short Interest

Diageo plc (OTCMKTS:DGEAF) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,015,900 shares, a growth of 14.6% from the December 15th total of 886,300 shares. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is presently 188.1 days.

Diageo Stock Performance

DGEAF traded up $0.95 during trading on Friday, reaching $29.76. 275 shares of the company’s stock were exchanged, compared to its average volume of 2,497. The company’s fifty day simple moving average is $30.44 and its 200-day simple moving average is $31.65. Diageo has a 1 year low of $28.22 and a 1 year high of $38.17.

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.