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

Associated British Foods plc (OTCMKTS:ASBFY) was the target of a significant 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 shares of the company are short sold. Based on an average daily volume of 26,300 shares, the days-to-cover ratio is presently 0.1 days.

Associated British Foods Trading Up 1.3 %

OTCMKTS:ASBFY opened at $24.18 on Monday. The stock has a fifty day moving average price of $24.08 and a two-hundred day moving average price of $27.26. The company has a current ratio of 1.78, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. Associated British Foods has a 1 year low of $22.69 and a 1 year high of $35.26.

Wall Street Analyst Weigh In

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

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.