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

Diageo plc (OTCMKTS:DGEAF) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 355,500 shares, a growth of 44.7% from the August 15th total of 245,700 shares. Based on an average daily volume of 13,000 shares, the days-to-cover ratio is currently 27.3 days.

Diageo Price Performance

OTCMKTS:DGEAF traded down $0.35 during trading hours on Friday, reaching $32.22. 1,215 shares of the company traded hands, compared to its average volume of 4,958. The firm’s 50-day moving average is $31.87 and its 200-day moving average is $33.78. Diageo has a 1-year low of $29.63 and a 1-year high of $40.05.

Diageo Company Profile

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.