Diageo plc (OTCMKTS:DGEAF) Sees Significant Decrease in Short Interest

Diageo plc (OTCMKTS:DGEAF) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 258,400 shares, a decline of 11.5% from the September 30th total of 292,100 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is presently 129.2 days.

Diageo Price Performance

DGEAF stock traded down $0.59 during midday trading on Wednesday, hitting $32.91. 490 shares of the company’s stock were exchanged, compared to its average volume of 4,466. The business has a 50-day simple moving average of $33.11 and a two-hundred day simple moving average of $33.07. Diageo has a 1-year low of $29.63 and a 1-year high of $40.05.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.