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

Associated British Foods plc (OTCMKTS:ASBFY) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 11,700 shares, a drop of 6.4% from the September 30th total of 12,500 shares. Based on an average trading volume of 17,300 shares, the days-to-cover ratio is currently 0.7 days.

Associated British Foods Stock Performance

OTCMKTS:ASBFY opened at $29.66 on Thursday. The firm’s 50-day moving average is $30.62 and its 200-day moving average is $31.81. Associated British Foods has a 52-week low of $23.58 and a 52-week high of $35.26. 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 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.