Premier Foods plc (OTCMKTS:PRRFY) Sees Large Decrease in Short Interest

Premier Foods plc (OTCMKTS:PRRFY) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 100 shares, a drop of 75.0% from the October 31st total of 400 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 1.0 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PRRFY shares. Royal Bank of Canada raised Premier Foods to a “moderate buy” rating in a research note on Monday, November 18th. Barclays upgraded shares of Premier Foods to a “strong-buy” rating in a research report on Thursday, October 10th.

Premier Foods Stock Performance

OTCMKTS:PRRFY remained flat at $12.26 during trading hours on Wednesday. Premier Foods has a fifty-two week low of $7.89 and a fifty-two week high of $12.85. The company has a 50 day moving average of $12.56 and a 200 day moving average of $11.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.14 and a quick ratio of 0.78.

About Premier Foods

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. The company operates through Grocery, Sweet Treats, and international segments. It offers a portfolio of product categories, including flavorings and seasonings under the Bisto, OXO, Paxo, and Saxa brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, Spice Tailor and Homepride brands; quick meals, snacks, and soups under the Batchelors and Smash brands; ambient desserts under the Ambrosia, Bird's, and Angel Delight brands; and ambient cakes under the Mr Kipling and Cadbury brands.