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

Associated British Foods plc (OTCMKTS:ASBFY) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,400 shares, a decrease of 61.1% from the February 28th total of 3,600 shares. Based on an average daily volume of 30,800 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Associated British Foods Stock Down 1.4 %

Associated British Foods stock opened at $24.64 on Thursday. Associated British Foods has a 12-month low of $22.69 and a 12-month high of $35.26. The company has a quick ratio of 0.98, a current ratio of 1.78 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average is $24.14 and its two-hundred day moving average is $26.90.

Wall Street Analyst Weigh In

Separately, Citigroup cut Associated British Foods from a “neutral” rating to a “sell” rating in a report 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.