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

Diageo plc (OTCMKTS:DGEAF) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 394,700 shares, an increase of 52.7% from the October 15th total of 258,400 shares. Based on an average daily volume of 2,900 shares, the days-to-cover ratio is currently 136.1 days.

Diageo Trading Down 0.6 %

OTCMKTS DGEAF traded down $0.18 on Thursday, hitting $29.35. 1,840 shares of the stock traded hands, compared to its average volume of 4,418. The stock has a 50-day moving average of $32.50 and a 200 day moving average of $32.70. Diageo has a twelve month low of $28.83 and a twelve month 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.