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

Associated British Foods plc (OTCMKTS:ASBFY) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 32,300 shares, a drop of 37.4% from the January 15th total of 51,600 shares. Based on an average daily trading volume, of 46,500 shares, the days-to-cover ratio is currently 0.7 days.

Associated British Foods Stock Up 0.5 %

ASBFY stock opened at $24.26 on Friday. The company’s 50-day moving average price is $24.94 and its two-hundred day moving average price is $28.42. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 0.98. Associated British Foods has a 12 month low of $22.69 and a 12 month high of $35.26.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of Associated British Foods from a “neutral” rating to a “sell” rating in a research 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.