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

Associated British Foods plc (OTCMKTS:ASBFY) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 3,600 shares, an increase of 56.5% from the February 13th total of 2,300 shares. Based on an average daily trading volume, of 26,300 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

Associated British Foods Stock Performance

Shares of Associated British Foods stock traded up $0.31 on Friday, hitting $24.18. 16,710 shares of the company were exchanged, compared to its average volume of 21,629. The company has a 50-day moving average price of $24.08 and a 200 day moving average price of $27.34. Associated British Foods has a 1-year low of $22.69 and a 1-year high of $35.26. 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 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.