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

Posted by Latisha Jones on Nov 28th, 2024

Associated British Foods plc (OTCMKTS:ASBFY – Get Free Report) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 27,700 shares, an increase of 76.4% from the October 31st total of 15,700 shares. Based on an average trading volume of 29,100 shares, the short-interest ratio is currently 1.0 days.

Associated British Foods Trading Up 0.8 %

Shares of ASBFY opened at $28.23 on Thursday. The firm has a 50-day moving average of $29.63 and a 200-day moving average of $31.25. Associated British Foods has a one year low of $27.03 and a one year high of $35.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.79 and a quick ratio of 0.91.

Associated British Foods Increases Dividend

The company also recently disclosed 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 an increase from Associated British Foods’s previous dividend of $0.21.

About Associated British Foods

(Get Free Report)

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.