Associated British Foods plc (OTCMKTS:ASBFY) Short Interest Update

Associated British Foods plc (OTCMKTS:ASBFY) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 2,300 shares, a decline of 92.9% from the January 31st total of 32,300 shares. Based on an average daily trading volume, of 50,000 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Citigroup lowered shares of Associated British Foods from a “neutral” rating to a “sell” rating in a report on Thursday, January 16th.

Associated British Foods Price Performance

ASBFY traded down $0.38 on Friday, hitting $23.70. 9,089 shares of the company were exchanged, compared to its average volume of 23,276. The firm has a 50-day moving average price of $24.37 and a two-hundred day moving average price of $27.94. The company has a current ratio of 1.78, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. Associated British Foods has a twelve month low of $22.69 and a twelve month high of $35.26.

Associated British Foods Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.