Tate & Lyle PLC (OTCMKTS:TATYY) Short Interest Up 3,500.0% in July

Tate & Lyle PLC (OTCMKTS:TATYY) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 180 shares, a growth of 3,500.0% from the July 15th total of 5 shares. Based on an average daily volume of 355 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Tate & Lyle Stock Up 0.1%

OTCMKTS:TATYY traded up $0.02 during trading hours on Tuesday, reaching $29.94. The company’s stock had a trading volume of 800 shares, compared to its average volume of 2,251. 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 firm has a 50-day simple moving average of $29.60 and a 200-day simple moving average of $24.03. Tate & Lyle has a 1 year low of $17.64 and a 1 year high of $30.50.

Analysts Set New Price Targets

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

Tate & Lyle Company Profile

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.