Associated British Foods plc (OTCMKTS:ASBFY) Sees Significant Increase in Short Interest

Associated British Foods plc (OTCMKTS:ASBFY) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 37,300 shares, an increase of 34.7% from the November 15th total of 27,700 shares. Based on an average daily volume of 32,000 shares, the days-to-cover ratio is presently 1.2 days.

Associated British Foods Stock Performance

ASBFY stock opened at $27.12 on Friday. The business has a 50 day moving average of $29.16 and a 200 day moving average of $30.75. Associated British Foods has a twelve month low of $26.98 and a twelve month high of $35.26. The company has a quick ratio of 0.91, a current ratio of 1.78 and a debt-to-equity ratio of 0.29.

Associated British Foods Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 13th will be given a $0.9028 dividend. The ex-dividend date is Friday, December 13th. This is a positive change from Associated British Foods’s previous dividend of $0.21.

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.