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 July. As of July 15th, there was short interest totalling 18,600 shares, an increase of 141.6% from the June 30th total of 7,700 shares. Based on an average daily trading volume, of 18,600 shares, the days-to-cover ratio is currently 1.0 days.

Associated British Foods Stock Performance

Shares of ASBFY stock opened at $32.69 on Friday. Associated British Foods has a fifty-two week low of $23.41 and a fifty-two week high of $35.26. The business has a fifty day simple moving average of $32.43 and a 200-day simple moving average of $31.13. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 1.79.

Associated British Foods Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 19th. Investors of record on Friday, May 31st were given a dividend of $0.2077 per share. The ex-dividend date was Friday, May 31st.

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.