Associated British Foods plc (OTCMKTS:ASBFY) Short Interest Down 51.9% in September

Associated British Foods plc (OTCMKTS:ASBFY) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 2,500 shares, a drop of 51.9% from the August 31st total of 5,200 shares. Based on an average daily volume of 15,500 shares, the days-to-cover ratio is presently 0.2 days.

Associated British Foods Price Performance

OTCMKTS:ASBFY traded up $0.19 during mid-day trading on Friday, hitting $30.92. 7,285 shares of the company traded hands, compared to its average volume of 10,203. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 1.79. The stock’s fifty day moving average price is $31.36 and its 200-day moving average price is $31.84. Associated British Foods has a one year low of $23.41 and a one year high of $35.26.

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.