Tate & Lyle plc (OTCMKTS:TATYY - Get Free Report) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 1,000 shares, a drop of 28.6% from the January 31st total of 1,400 shares. Based on an average daily volume of 2,000 shares, the short-interest ratio is presently 0.5 days.
Tate & Lyle Stock Performance
Shares of TATYY stock traded up $0.17 on Thursday, reaching $27.20. 239 shares of the company were exchanged, compared to its average volume of 3,332. The company has a 50-day moving average of $31.18 and a 200-day moving average of $34.95. Tate & Lyle has a one year low of $26.72 and a one year high of $44.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.38 and a quick ratio of 2.46.
Analysts Set New Price Targets
Separately, Berenberg Bank downgraded Tate & Lyle from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th.
Check Out Our Latest Report on TATYY
About Tate & Lyle
(
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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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