Tate & Lyle plc (OTCMKTS:TATYY) Short Interest Up 66.7% in May

Tate & Lyle plc (OTCMKTS:TATYYGet Rating) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 1,000 shares, a growth of 66.7% from the April 30th total of 600 shares. Based on an average daily volume of 1,700 shares, the days-to-cover ratio is currently 0.6 days.

Shares of Tate & Lyle stock opened at $38.49 on Friday. The business has a 50 day moving average of $39.24 and a 200 day moving average of $38.10. Tate & Lyle has a 52 week low of $33.41 and a 52 week high of $46.10.

Separately, Zacks Investment Research upgraded Tate & Lyle from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Thursday, May 12th.

About Tate & Lyle (Get Rating)

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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