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

Diageo plc (OTCMKTS:DGEAF) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 4,927,870 shares, an increase of 22.0% from the January 15th total of 4,040,624 shares. Based on an average daily trading volume, of 14,740 shares, the days-to-cover ratio is presently 334.3 days. Based on an average daily trading volume, of 14,740 shares, the days-to-cover ratio is presently 334.3 days.

Diageo Price Performance

Shares of Diageo stock opened at $23.87 on Thursday. Diageo has a 12-month low of $20.93 and a 12-month high of $30.08. The company’s fifty day simple moving average is $22.72 and its two-hundred day simple moving average is $24.10.

Diageo Company Profile

Diageo plc is a British multinational beverage alcohol company headquartered in London, England. It is one of the world’s leading producers and distributors of spirits, beer and ready-to-drink beverages. The company’s portfolio spans a range of premium and mainstream brands, with operations that touch on all major aspects of beverage manufacturing, marketing and distribution.

Diageo’s brand lineup includes iconic Scotch whiskies such as Johnnie Walker and Cardhu; global vodka brands like Smirnoff; renowned Irish cream liqueur Baileys; spiced and dark rums under the Captain Morgan label; and the world-famous Guinness stout.