Diageo plc (NYSE:DEO) Short Interest Update

Diageo plc (NYSE:DEOGet Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 658,900 shares, a growth of 5.1% from the May 15th total of 626,800 shares. Based on an average trading volume of 645,000 shares, the short-interest ratio is presently 1.0 days. Currently, 0.1% of the shares of the company are sold short.

Diageo Trading Down 1.8 %

Shares of DEO stock traded down $2.38 during trading hours on Wednesday, hitting $129.39. The company had a trading volume of 1,160,384 shares, compared to its average volume of 537,925. Diageo has a 12 month low of $129.11 and a 12 month high of $179.78. The firm’s fifty day moving average is $137.78 and its 200 day moving average is $142.94. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Confluence Investment Management LLC bought a new stake in shares of Diageo in the 1st quarter valued at $125,474,000. Public Employees Retirement Association of Colorado increased its position in shares of Diageo by 4,665.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 482,713 shares of the company’s stock valued at $70,312,000 after buying an additional 472,583 shares in the last quarter. Saratoga Research & Investment Management bought a new stake in shares of Diageo in the 4th quarter valued at $42,225,000. Wellington Management Group LLP increased its position in shares of Diageo by 56.7% in the 4th quarter. Wellington Management Group LLP now owns 677,478 shares of the company’s stock valued at $98,681,000 after buying an additional 245,255 shares in the last quarter. Finally, Natixis Advisors L.P. increased its position in shares of Diageo by 55.9% in the 4th quarter. Natixis Advisors L.P. now owns 645,642 shares of the company’s stock valued at $94,044,000 after buying an additional 231,396 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

About Diageo

(Get Free Report)

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, cacha├ža, 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.

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