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

Diageo plc (OTCMKTS:DGEAF) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 394,700 shares, an increase of 52.7% from the October 15th total of 258,400 shares. Based on an average daily volume of 2,900 shares, the short-interest ratio is currently 136.1 days.

Diageo Stock Down 1.8 %

OTCMKTS DGEAF opened at $28.83 on Friday. The firm’s 50-day simple moving average is $32.44 and its two-hundred day simple moving average is $32.66. Diageo has a 52 week low of $28.83 and a 52 week high of $38.17.

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.