Tate & Lyle plc (OTCMKTS:TATYY) Sees Large Growth in Short Interest

Tate & Lyle plc (OTCMKTS:TATYY) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 4,600 shares, a growth of 1,433.3% from the July 31st total of 300 shares. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is currently 1.9 days.

Tate & Lyle Stock Performance

Shares of OTCMKTS:TATYY remained flat at $35.50 on Wednesday. 1,853 shares of the stock traded hands, compared to its average volume of 2,898. The stock’s 50-day moving average is $32.88 and its 200-day moving average is $32.47. Tate & Lyle has a 12-month low of $29.92 and a 12-month high of $36.38.

Tate & Lyle Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, August 7th. Shareholders of record on Friday, June 21st were issued a dividend of $0.6051 per share. This is a boost from Tate & Lyle’s previous dividend of $0.27. The ex-dividend date of this dividend was Friday, June 21st.

Tate & Lyle Company Profile

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.