Tate & Lyle plc (OTCMKTS:TATYY) Sees Significant Increase in Short Interest

Tate & Lyle plc (OTCMKTS:TATYY) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 700 shares, an increase of 600.0% from the December 31st total of 100 shares. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is presently 0.1 days.

Tate & Lyle Stock Performance

Shares of TATYY traded down $0.28 during midday trading on Friday, reaching $33.20. 934 shares of the stock were exchanged, compared to its average volume of 5,056. The company’s 50 day moving average is $33.98 and its two-hundred day moving average is $35.49. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.38 and a quick ratio of 2.46. Tate & Lyle has a 52 week low of $30.03 and a 52 week high of $44.76.

Tate & Lyle Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, January 9th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.3325 per share. The ex-dividend date was Friday, November 22nd.

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.