Short Interest in Associated British Foods plc (OTCMKTS:ASBFY) Increases By 56.5%

Associated British Foods plc (OTCMKTS:ASBFY) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 3,600 shares, a growth of 56.5% from the February 13th total of 2,300 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 26,300 shares, the short-interest ratio is currently 0.1 days.

Associated British Foods Stock Performance

Shares of OTCMKTS:ASBFY opened at $24.18 on Friday. The firm has a fifty day moving average price of $24.08 and a 200 day moving average price of $27.30. 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 1-year low of $22.69 and a 1-year high of $35.26.

Analyst Upgrades and Downgrades

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

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.