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

Associated British Foods plc (OTCMKTS:ASBFY) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 79,500 shares, an increase of 113.1% from the November 30th total of 37,300 shares. Based on an average daily volume of 63,400 shares, the short-interest ratio is currently 1.3 days.

Associated British Foods Trading Down 1.0 %

Shares of ASBFY traded down $0.25 during midday trading on Friday, hitting $25.68. The stock had a trading volume of 14,433 shares, compared to its average volume of 11,736. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 1.78. The company has a 50 day simple moving average of $28.27 and a two-hundred day simple moving average of $30.27. Associated British Foods has a twelve month low of $24.46 and a twelve month high of $35.26.

Associated British Foods Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.9028 per share. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Associated British Foods’s previous dividend of $0.21.

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.