Short Interest in Associated British Foods plc (OTCMKTS:ASBFY) Decreases By 37.4%

Associated British Foods plc (OTCMKTS:ASBFY) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 32,300 shares, a decrease of 37.4% from the January 15th total of 51,600 shares. Based on an average daily volume of 46,500 shares, the short-interest ratio is presently 0.7 days.

Associated British Foods Stock Up 1.9 %

Shares of OTCMKTS:ASBFY opened at $24.15 on Friday. The firm has a 50 day moving average of $25.13 and a 200-day moving average of $28.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.78. Associated British Foods has a 12 month low of $22.69 and a 12 month high of $35.26.

Analyst Ratings Changes

Separately, Citigroup cut Associated British Foods from a “neutral” rating to a “sell” rating in a research note on Thursday, January 16th.

About Associated British Foods

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.