Short Interest in Tate & Lyle plc (OTCMKTS:TATYY) Increases By 137.5%

Tate & Lyle plc (OTCMKTS:TATYY) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 1,900 shares, an increase of 137.5% from the June 30th total of 800 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 4.8 days.

Tate & Lyle Stock Performance

OTCMKTS:TATYY traded up $0.08 during trading hours on Friday, reaching $34.26. The company’s stock had a trading volume of 57,831 shares, compared to its average volume of 2,958. The stock has a 50 day moving average price of $33.35 and a two-hundred day moving average price of $32.19. Tate & Lyle has a 12 month low of $29.92 and a 12 month high of $38.98.

Tate & Lyle Increases Dividend

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

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.