Tate & Lyle plc (OTCMKTS:TATYY – Get Free Report) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 1,000 shares, a drop of 37.5% from the February 28th total of 1,600 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is currently 0.6 days.
Tate & Lyle Stock Up 1.1 %
TATYY stock opened at $27.31 on Friday. The firm has a fifty day moving average price of $29.57 and a 200 day moving average price of $34.01. 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 fifty-two week low of $26.25 and a fifty-two week high of $44.76.
Analyst Ratings Changes
Separately, Berenberg Bank cut shares of Tate & Lyle from a “strong-buy” rating to a “hold” rating in a research note 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.
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