Short Interest: Time to Reconsider Diageo P L C (NYSE:DEO) After Less Short Sellers?

December 1, 2016 - By Dolores Ford   ·   0 Comments

Short Interest: Time to Reconsider Diageo P L C (NYSE:DEO) After Less Short Sellers?

The stock of Diageo P L C (NYSE:DEO) registered a decrease of 16.9% in short interest. DEO’s total short interest was 2.02 million shares in December as published by FINRA. Its down 16.9% from 2.43M shares, reported previously. With 724,200 shares average volume, it will take short sellers 3 days to cover their DEO’s short positions. The short interest to Diageo P L C’s float is 0.33%. The stock closed at $101.24 during the last session. It is down 7.18% since April 28, 2016 and is downtrending. It has underperformed by 13.10% the S&P500.

Diageo PLC is an alcoholic beverage company. The company has a market cap of $62.47 billion. The Firm operates in various categories, including spirits and beer. It has a 22.71 P/E ratio. The Company’s geographic divisions include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific.

Diageo plc (ADR) (NYSE:DEO) Ratings Coverage

Out of 21 analysts covering Diageo (NYSE:DEO), 13 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 62% are positive. Diageo has been the topic of 27 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was reinitiated by Bank of America on Friday, September 16 with “Buy”. The firm earned “Buy” rating on Thursday, September 24 by Beaufort Securities. On Friday, July 31 the stock rating was maintained by Barclays Capital with “Overweight”. On Friday, July 31 the stock rating was maintained by Berenberg with “Buy”. Deutsche Bank maintained the shares of DEO in a report on Friday, July 31 with “Buy” rating. The rating was upgraded by Investec to “Buy” on Thursday, August 6. The firm has “Hold” rating by Societe Generale given on Monday, June 27. The stock of Diageo plc (ADR) (NYSE:DEO) earned “Buy” rating by UBS on Thursday, October 1. The stock of Diageo plc (ADR) (NYSE:DEO) earned “Buy” rating by Sterne Agee CRT on Tuesday, July 21. The stock of Diageo plc (ADR) (NYSE:DEO) has “Buy” rating given on Thursday, September 24 by Natixis.

DEO Company Profile

Diageo PLC, incorporated on October 21, 1886, is an alcoholic beverage company. The Firm operates in various categories, including spirits and beer. The Company’s geographic divisions include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. The Company’s principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink. The Company’s brands include Johnnie Walker, Smirnoff, Captain Morgan, Baileys, Tanqueray and Guinness. It owns manufacturing production facilities across the world, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages and distribution warehouses. It manages its activities from various locations, which include the United Kingdom; Ireland (Baileys); Italy (Santa Vittoria); Turkey; the United States; Canada; Brazil; Mexico; Australia; Singapore; India; Nigeria; South Africa; East Africa (Uganda, Kenya, Tanzania), and Africa Regional Markets (Ethiopia, Cameroon, Ghana and Seychelles).

More important recent Diageo plc (ADR) (NYSE:DEO) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Marketwatch.com published article titled: “Virtual Stock Exchange”, Fool.com published: “Is Brand Incubation the Future for Diageo plc (ADR)?” on December 02, 2015. More interesting news about Diageo plc (ADR) (NYSE:DEO) was released by: Fool.com and their article: “Is Alcohol-Free Guinness a Smart Move for Diageo plc (ADR)?” with publication date: January 08, 2016.

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By Dolores Ford


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