Premier Foods plc (OTCMKTS:PRRFY) Sees Significant Growth in Short Interest

Premier Foods plc (OTCMKTS:PRRFY) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,300 shares, an increase of 30.0% from the January 31st total of 1,000 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 6.5 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upgraded shares of Premier Foods to a “moderate buy” rating in a report on Monday, November 18th.

Premier Foods Price Performance

Shares of PRRFY stock remained flat at $11.77 on Wednesday. The company had a trading volume of 9 shares, compared to its average volume of 614. The business has a 50 day moving average of $11.67 and a two-hundred day moving average of $12.00. Premier Foods has a 52-week low of $9.18 and a 52-week high of $12.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.19.

About Premier Foods

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. The company operates through Grocery, Sweet Treats, and international segments. It offers a portfolio of product categories, including flavorings and seasonings under the Bisto, OXO, Paxo, and Saxa brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, Spice Tailor and Homepride brands; quick meals, snacks, and soups under the Batchelors and Smash brands; ambient desserts under the Ambrosia, Bird's, and Angel Delight brands; and ambient cakes under the Mr Kipling and Cadbury brands.