Short Interest in Tiger Brands Limited (OTCMKTS:TBLMY) Increases By 125.0%

Tiger Brands Limited (OTCMKTS:TBLMYGet Rating) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 1,800 shares, a growth of 125.0% from the April 30th total of 800 shares. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is currently 2.3 days.

Separately, Investec cut shares of Tiger Brands from a “hold” rating to a “sell” rating in a report on Thursday, April 7th.

Tiger Brands stock remained flat at $$8.81 during midday trading on Friday. 13 shares of the company were exchanged, compared to its average volume of 739. Tiger Brands has a 12 month low of $8.68 and a 12 month high of $17.35. The company’s 50 day simple moving average is $10.14 and its 200 day simple moving average is $11.17.

Tiger Brands Company Profile (Get Rating)

Tiger Brands Limited engages in the manufacture, marketing, and distribution of consumer goods primarily in South Africa. The company offers baby care products under the Purity brand; bakeries under the Albany and Tinkies brands; and culinary fruit veg products under the Crosse & Blackwell, Benny, All Gold, Spray and Cook, Ice Cap, KOO, Colman's, Black Cat, Mrs H.S.

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