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

Associated British Foods PLC (OTCMKTS:ASBFYGet Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 13,533 shares, an increase of 54.0% from the July 15th total of 8,786 shares. Based on an average daily volume of 64,308 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce”.

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Associated British Foods Stock Down 2.3%

Shares of OTCMKTS:ASBFY opened at $27.21 on Tuesday. Associated British Foods has a 1 year low of $23.36 and a 1 year high of $31.96. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.51 and a quick ratio of 0.69. The business’s 50-day moving average is $26.79 and its 200-day moving average is $25.84.

About Associated British Foods

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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.

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