During the month of October, the number of shares held in short positions in Diageo plc (NYSE:DEO) fell by a sizeable amount. As of the 31st of October, short interest amounted to 947,900 shares, which is a reduction of 7.1% from the total of 1,020,000 shares that was recorded the day before. The number of days represented by short interest is now 2.8, and it is calculated using an average daily volume of 335,300 shares. Short selling accounts for around 0.2% of the total shares outstanding in the corporation.
The price of a share of DEO was $175.52 when trading began on Thursday. The one-year low for Diageo’s share price is $160.09, while the one-year high is $223.14. The ratio of debt to equity is 1.60; the ratio of current assets to current liabilities is 1.53; and the ratio of quick assets to current liabilities is 0.69. The company’s moving average over the past 50 days is $170.02, and its moving average over the past 200 days is $177.77.
Recent events have resulted in increased holdings of the company by institutional investors as well as hedge funds. During the second quarter, Wolff Wiese Magana LLC boosted the percentage of Diageo stock it owned by 135.5%. After making further purchases during the time period, Wolff Wiese Magana LLC now possesses 146 shares of the company’s stock, which have a combined worth of $25,000. During the first quarter, MCF Advisors LLC made an investment in Diageo totaling $27,000. During the first three months of the year, Lansing Street Advisors made an investment of $32,000 in Diageo. During the first three months of the year, Pinnacle Holdings LLC made an investment of $33,000 in Diageo. Last but not least, Howe & Rusling Inc. boosted the percentage of its ownership in Diageo by 111.5% during the first quarter. Howe & Rusling Inc. now has 165 shares of the company’s stock, which are worth $34,000 after the business purchased an additional 87 shares during the period in question. The stock of the company is owned by institutional investors and hedge funds to the extent of nine percent.
Recent studies on the stock have been produced by a number of different research analysts. Credit Suisse Group increased their price target on Diageo shares from GBX 4,400 ($51.70) to GBX 4,550 ($53.47) in a research report that was published on Friday, July 29th. UBS Group increased their price target on Diageo shares from GBX 4,300 ($50.53) to GBX 4,500 ($52.88) in a research report that was published on Tuesday, August 2nd. In a research note that was published on Tuesday, September 6th, Exane BNP Paribas lowered its recommendation for Diageo shares from “outperform” to “neutral.” Deutsche Bank Aktiengesellschaft increased their target price on Diageo shares from GBX 3,300 ($38.78) to GBX 3,350 ($39.37) in a research report that was published on Monday, September 12th. Finally, a research report published by StockNews.com on October 12 marked the day that the company started covering shares of Diageo. They suggested that the organization make a “purchase” decision. The stock receives a recommendation to sell from two equity research experts, a recommendation to hold from four, and a recommendation to buy from six. According to information provided by Bloomberg, the company currently has a recommendation of “Hold” and an average price target of $4198.75.
Alcoholic beverages are produced, marketed, and distributed by Diageo plc and its subsidiary companies. Scotch, whisky, gin, vodka, rum, ready-to-drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy are all available, in addition to beer, cider, and beverages that do not contain alcohol.