Tate & Lyle PLC (OTCMKTS:TATYY) Short Interest Down 97.3% in July

Tate & Lyle PLC (OTCMKTS:TATYY) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 5 shares, a decrease of 97.3% from the June 30th total of 187 shares. Based on an average daily trading volume, of 1,920 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Tate & Lyle Stock Performance

Shares of OTCMKTS:TATYY remained flat at $30.13 during trading on Friday. Tate & Lyle has a twelve month low of $17.64 and a twelve month high of $30.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.71 and a quick ratio of 1.55. The business has a 50-day moving average of $29.08 and a 200-day moving average of $23.25.

Analysts Set New Price Targets

A number of research firms have weighed in on TATYY. BNP Paribas Exane cut shares of Tate & Lyle to a “neutral” rating in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft cut Tate & Lyle from a “buy” rating to a “hold” rating in a research note on Friday, June 26th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

About Tate & Lyle

Tate & Lyle (OTCMKTS:TATYY) is a global provider of food and beverage ingredients, specializing in sweeteners, texturants and stabilizers. The company develops and supplies a diverse portfolio of products designed to enhance taste, texture and nutritional value for food and beverage manufacturers. Key offerings include high-intensity sweeteners, soluble and insoluble fibers, specialty starches and acidulants.

Operating through two main business units—Food & Beverage Solutions and Primary Products—Tate & Lyle serves a wide range of end markets.