Diageo plc (OTCMKTS:DGEAF) Short Interest Update

Diageo plc (OTCMKTS:DGEAF – Get Rating) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 408,800 shares, an increase of 467.8% from the March 15th total of 72,000 shares. Based on an average trading volume of 8,700 shares, the short-interest ratio is presently 47.0 days.

Shares of OTCMKTS:DGEAF opened at $50.43 on Wednesday. Diageo has a 52-week low of $42.21 and a 52-week high of $56.10. The business has a 50-day moving average price of $49.00 and a 200-day moving average price of $50.55.

Several research firms have recently issued reports on DGEAF. Royal Bank of Canada reiterated a “sell” rating and set a $2,800.00 price objective on shares of Diageo in a research report on Friday, April 1st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Diageo in a research report on Monday, December 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $2,800.00.

About Diageo (Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

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