Associated British Foods plc (OTCMKTS:ASBFY) Short Interest Update

Associated British Foods plc (OTCMKTS:ASBFY) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 15,700 shares, an increase of 34.2% from the October 15th total of 11,700 shares. Based on an average trading volume of 15,000 shares, the days-to-cover ratio is currently 1.0 days.

Associated British Foods Stock Performance

Shares of ASBFY opened at $27.44 on Friday. Associated British Foods has a 12-month low of $27.29 and a 12-month high of $35.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.79 and a quick ratio of 0.91. The business’s 50 day moving average is $29.85 and its 200 day moving average is $31.63.

Associated British Foods Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 13th will be issued a $0.9028 dividend. The ex-dividend date 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.