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

Associated British Foods plc (OTCMKTS:ASBFY) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 27,700 shares, a growth of 76.4% from the October 31st total of 15,700 shares. Based on an average trading volume of 29,100 shares, the days-to-cover ratio is presently 1.0 days.

Associated British Foods Price Performance

Shares of Associated British Foods stock traded up $0.23 during midday trading on Friday, hitting $28.23. The company had a trading volume of 14,182 shares, compared to its average volume of 15,982. Associated British Foods has a 1-year low of $27.03 and a 1-year high of $35.26. The business’s 50 day simple moving average is $29.60 and its two-hundred day simple moving average is $31.23. The company has a current ratio of 1.79, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29.

Associated British Foods Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 13th will be given a $0.9028 dividend. This is a positive change from Associated British Foods’s previous dividend of $0.21. The ex-dividend date is Friday, December 13th.

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.