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

Associated British Foods plc (OTCMKTS:ASBFY) was the target of a significant 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 days-to-cover ratio is presently 1.0 days.

Associated British Foods Stock Performance

Shares of OTCMKTS:ASBFY opened at $28.50 on Friday. Associated British Foods has a 52 week low of $27.03 and a 52 week high of $35.26. The company has a 50-day moving average price of $29.57 and a 200 day moving average price of $31.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 1.79.

Associated British Foods Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 13th will be issued a $0.9028 dividend. This is a boost from Associated British Foods’s previous dividend of $0.21. The ex-dividend date is Friday, December 13th.

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.