Tiger Brands Limited (OTCMKTS:TBLMY – Get Rating) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 700 shares, a drop of 30.0% from the April 15th total of 1,000 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is presently 0.8 days.
Tiger Brands Stock Performance
Tiger Brands stock opened at $10.19 on Friday. Tiger Brands has a 52-week low of $8.50 and a 52-week high of $13.56. The firm has a 50 day moving average price of $10.98 and a two-hundred day moving average price of $11.62.
Analyst Ratings Changes
Separately, HSBC lowered shares of Tiger Brands from a “buy” rating to a “hold” rating in a report on Tuesday, March 14th.
About Tiger Brands
Tiger Brands Ltd. engages in the manufacture of branded food, home, and personal care products. It operates through the following segments: Grains, Consumer Brands, Home and Personal Care, Exports and International, and Other. The Grains segment includes maize milling, wheat milling, baking, sorghum-based products, rice, pasta, and oat-based breakfast cereals.
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