Associated British Foods plc (OTCMKTS:ASBFY) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 19,700 shares, a growth of 9,750.0% from the December 15th total of 200 shares. Based on an average daily volume of 71,200 shares, the days-to-cover ratio is presently 0.3 days.
Shares of Associated British Foods stock opened at $29.53 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.20 and a current ratio of 1.86. Associated British Foods has a 1 year low of $23.80 and a 1 year high of $35.00. The business has a 50 day moving average price of $26.91 and a 200 day moving average price of $27.18.
The business also recently disclosed a dividend, which will be paid on Monday, January 31st. Investors of record on Friday, December 17th will be given a dividend of $0.4151 per share. This is an increase from Associated British Foods’s previous dividend of $0.09. This represents a dividend yield of 1.89%. The ex-dividend date is Thursday, December 16th.
About Associated British Foods
Associated British Foods Plc engages in the business of manufacturing and trading of consumer goods. It operates through the following business segments: Grocery, Sugar, Agriculture, Ingredients and Retail. The Grocery segment produces beverages, sweeteners, vegetable oils, bread, baked goods, cereals, herbs and spices, and meat products.
Further Reading: Net Income
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