Short Interest in Associated British Foods PLC (OTCMKTS:ASBFY) Decreases By 95.7%

Associated British Foods PLC (OTCMKTS:ASBFY) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 5,128 shares, a decrease of 95.7% from the January 15th total of 118,271 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 125,413 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 125,413 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Associated British Foods Price Performance

Shares of OTCMKTS:ASBFY traded up $0.49 during midday trading on Tuesday, hitting $26.74. The company had a trading volume of 27,834 shares, compared to its average volume of 120,137. The company has a fifty day moving average of $27.24 and a two-hundred day moving average of $28.59. Associated British Foods has a 12-month low of $23.58 and a 12-month high of $31.96. The company has a current ratio of 1.54, a quick ratio of 0.75 and a debt-to-equity ratio of 0.28.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ASBFY shares. Jefferies Financial Group cut Associated British Foods from a “hold” rating to an “underperform” rating in a research note on Monday, December 15th. Kepler Capital Markets raised Associated British Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Zacks Research upgraded shares of Associated British Foods from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. The Goldman Sachs Group lowered shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. Finally, Sanford C. Bernstein cut shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Associated British Foods presently has an average rating of “Hold”.

Associated British Foods Company Profile

Associated British Foods plc (OTCMKTS:ASBFY) is a diversified international food, ingredients and retail group headquartered in the United Kingdom. Founded in 1935, the company operates through multiple divisions that span grocery brands, sugar production and refining, ingredient and bakery systems, agriculture and a large value-fashion retail business. Its portfolio combines branded consumer goods with industrial food and agricultural operations, giving it exposure across the consumer staples and retail sectors.

On the grocery and branded side, the group owns and markets a range of food and beverage products, including well-known tea and grocery lines, while its ingredients businesses supply yeast, bakery ingredients and other inputs to commercial bakers and food manufacturers.