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

Associated British Foods plc (OTCMKTS:ASBFY) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 3,600 shares, a growth of 56.5% from the February 13th total of 2,300 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 26,300 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Associated British Foods Stock Performance

Shares of ASBFY stock opened at $24.18 on Monday. Associated British Foods has a fifty-two week low of $22.69 and a fifty-two week high of $35.26. The business has a fifty day simple moving average of $24.08 and a 200-day simple moving average of $27.26. 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 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.