Diageo plc (OTCMKTS:DGEAF) Sees Large Drop in Short Interest

Diageo plc (OTCMKTS:DGEAF) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 1,464,800 shares, a drop of 6.2% from the January 15th total of 1,562,400 shares. Based on an average daily trading volume, of 5,600 shares, the short-interest ratio is currently 261.6 days.

Diageo Trading Down 1.8 %

Shares of DGEAF stock traded down $0.48 during mid-day trading on Monday, reaching $26.82. The company’s stock had a trading volume of 1,827 shares, compared to its average volume of 4,322. Diageo has a 1-year low of $26.31 and a 1-year high of $38.17. The firm’s 50-day moving average is $30.18 and its two-hundred day moving average is $31.21.

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.