Short Interest in Associated British Foods plc (OTCMKTS:ASBFY) Rises By 138.2%

Associated British Foods plc (OTCMKTS:ASBFY) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 13,100 shares, a growth of 138.2% from the May 31st total of 5,500 shares. Based on an average daily volume of 14,700 shares, the days-to-cover ratio is currently 0.9 days.

Associated British Foods Trading Down 0.1 %

Shares of ASBFY stock traded down $0.02 during trading hours on Friday, reaching $30.79. 6,460 shares of the company’s stock were exchanged, compared to its average volume of 8,009. Associated British Foods has a 1 year low of $23.41 and a 1 year high of $35.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.83 and a quick ratio of 0.96. The stock’s fifty day moving average price is $33.06 and its two-hundred day moving average price is $30.87.

Associated British Foods Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, May 31st will be issued a $0.2077 dividend. The ex-dividend date is Friday, May 31st.

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.