Associated British Foods plc (OTCMKTS:ASBFY) Sees Significant Decline in Short Interest

Associated British Foods plc (OTCMKTS:ASBFY) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 1,400 shares, a decline of 61.1% from the February 28th total of 3,600 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 30,800 shares, the short-interest ratio is presently 0.0 days.

Associated British Foods Stock Up 3.7 %

Shares of ASBFY opened at $25.56 on Friday. The business has a 50-day moving average of $24.16 and a 200-day moving average of $26.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.78. Associated British Foods has a 1 year low of $22.69 and a 1 year high of $35.26.

Wall Street Analyst Weigh In

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

About Associated British Foods

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.