Diageo plc (OTCMKTS:DGEAF) Sees Large Drop in Short Interest

Diageo plc (OTCMKTS:DGEAF) was the target of a large decline in short interest in 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 trading volume of 2,000 shares, the days-to-cover ratio is presently 129.2 days.

Diageo Price Performance

Shares of OTCMKTS:DGEAF opened at $31.40 on Thursday. The company’s 50-day moving average price is $33.11 and its two-hundred day moving average price is $33.06. Diageo has a one year low of $29.63 and a one 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.