Associated British Foods plc (OTCMKTS:ASBFY) Short Interest Down 92.9% in February

Associated British Foods plc (OTCMKTS:ASBFY) saw 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 trading volume of 50,000 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

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

Associated British Foods Price Performance

Shares of ASBFY traded up $0.24 during mid-day trading on Thursday, reaching $24.08. The company had a trading volume of 9,339 shares, compared to its average volume of 23,661. Associated British Foods has a twelve month low of $22.69 and a twelve month high of $35.26. The company has a current ratio of 1.78, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average is $24.41 and its 200-day moving average is $27.97.

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.