Tate & Lyle plc (OTCMKTS:TATYY) Sees Significant Drop in Short Interest

Tate & Lyle plc (OTCMKTS:TATYY) was the target of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 800 shares, a decrease of 33.3% from the May 15th total of 1,200 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is presently 4.0 days.

Tate & Lyle Stock Down 1.1 %

TATYY traded down $0.37 on Friday, hitting $34.20. 860 shares of the company traded hands, compared to its average volume of 1,052. Tate & Lyle has a 12-month low of $29.92 and a 12-month high of $39.06. The company has a 50 day moving average of $33.38 and a 200-day moving average of $32.28. The company has a quick ratio of 1.81, a current ratio of 2.88 and a debt-to-equity ratio of 0.49.

Tate & Lyle Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Friday, June 21st will be paid a dividend of $0.6051 per share. The ex-dividend date of this dividend is Friday, June 21st. This is a boost from Tate & Lyle’s previous dividend of $0.27.

About Tate & Lyle

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.