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

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

Associated British Foods Trading Up 0.5 %

Shares of Associated British Foods 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. Associated British Foods has a fifty-two week low of $22.69 and a fifty-two week high of $35.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.78.

Analyst Ratings Changes

Separately, Citigroup cut shares of Associated British Foods from a “neutral” rating to a “sell” rating in a report on Thursday, January 16th.

Associated British Foods Company Profile

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.